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Master Trust Presentation
NAEA/ARLA MASTER TRUST
Presented by:
Steve Goddard
Date:
13 May 2014
Introductions
Steve Goddard
Managing Director, Goddard Perry Consulting
Over 30 years experience in Pensions
Joined Goddard Perry 1993
Major shareholder of Group
Developing Master Trusts since 2007
SALVUS platform
Founder member of Master Trust Association
Agenda for today
Background to auto enrolment
How does it effect you ?
Need to have a plan
The NFOPP Master Trust Solution
Administration that focuses on the Member
Strait Logics – the “Assessment Tool” (Middleware)
Investment that focuses on strength, value and flexibility for
the member – Trustee supervision
Charging structure = a great package for Members
The right solution for NFOPP members !
Background
State pensions simply not sufficient
Need to provide for retirement
Basic state pension currently £110.15 per week!
State second pension S2P but many self employed!
Auto Enrolment is here !
Why save?
Age 32
State Pension Age 67
5% investment return
£25,000 salary assumed
2% rise in salaries
Contribution
Projected Fund
2% (1% & 1%)
£53,014
6% (3% & 3%)
£159,041
10% (5% & 5%)
£265,069
How does it effect you ?
Two employees and you must act !
Staging date – the necessity to take action
Daily fines by the Pension Regulator (tPR)
for NON compliance
Need to plan !
When is your staging date?
Who will be your pension provider?
How will you assess workers?
Access to AE “middleware” ?
Existing arrangements (if any !) may not
work…your current provider may decline
AE members and /or not provide “middleware”
The NFOPP Master Trust Solution
A Master Trust for “non-associated” employers
NAEA/ARLA “Sub-Trust” for you to join
Guaranteed acceptance
Simple documentation
Corporate Trustee compliance & governance
Administration by HS Admin
A “one stop” shop solution
Member focused
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Trustee that focuses on
members needs..
Blake Lapthorn Pension Trustees Ltd is the Corporate Trustee
Trusteeship conducted by experienced pension professionals
Director appointed for ongoing supervision
Board meets once a month to review all cases.
Master risk register, which is reviewed at each meeting
tPR returns and tPR pension levy’s
Administration that focuses on
the member…
All services from one location
HS Admin 100% owned by Goddard Perry Group
£2.5bn assets under management - £1m - £900m
Dedicated administrator for NFOPP Master Trust
Over 60 staff
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The member’s experience…
Member joining pack & fact-sheet
NAEA/ARLA helpdesk provided by HS Admin
NAEA/ARLA branded website – fund information &
projection tools
Telephone opt-out service
Annual Statutory Money Purchase Illustrations (SMPIs)
- issued as at 31st December
Transfers in - allowed
Transfers out – allowed (no penalty on transfer)
Full options at retirement – counselling service (GPC)
11
Strait Logics supply the
“Assessment Tool”
Architecture
Auto Enrolment – Integration and work flow
Quality and Security
Auto Enrolment Technology
Staging Dates and re-enrolment
Management Information and Status
Payroll Reference Periods
Master Trust Pension
Contributions Levels
Data Upload
Assessment and Reporting
Communication
Investment that focuses on strength,
value and flexibility for the member…
Conventional life-style available (DWP approved)
Equities when younger then Bonds/Fixed interest
BlackRock Aquila are fund investment managers
Daily dealing and free switching
Daily valuations for members with online access
Straight Through Processing (STP)
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Default Investment Fund
% Portfolio Weighting
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Pre-Retirement
Consolidation
Growth
0
12
24
36
48
60
72
84
96
108 120 132 144 156 168 180
Months into Glide Path
15
Charging structure
A “bundled” charge is applied to cover:
Administration, AE Assessment, Trusteeship, Accounts,
tPR levy & maintaining agreed investments and
strategies
The charge for NAEA/ARLA is as follows:
Annual Management Charge (AMC) of 0.65% per
annum
There are no member specific charges other than AMC
16
Key Messages
NAEA/ARLA Master Trust specifically designed with Goddard
Perry
Speed, simplicity and flexibility to adapt to your requirements
Focus on the members and their experience
Full use of technology
AE Middleware
Competitive charges
HS project manage take-on/installation at no extra charge
Robust administration with over 25 Years experience
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THANK YOU
MASTER TRUST TEAM
Steve Goddard
-
[email protected]
Ken Ashton
-
[email protected]
Graham Hickling
-
[email protected]
Sanjay Shingadia
-
[email protected]
www.salvustrust.com
Goddard Perry Consulting Ltd
Corinthian House
17 Lansdowne Road
Croydon
Surrey
CR0 2BX
T: 020 8603 3700
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