The Knowledge and Choice to Meet Your Needs
We have 8 defined contribution (DC) schemes and more than 30 years' experience with (DC) pension arrangements. So we have a range of options to meet your needs.
With more than 140,000 members and £0.8 billion in defined contribution assets, we can keep our charges competitive. Our defined contribution (DC) pensions arrangements are:
- The Flexible Retirement Plan (FRP)
- The Ethical Fund
- Growth Plan Series 4 (GP4)
- CARE DC
- Social Housing Pension Scheme (SHPS) DC
- Scottish Housing Associations' Pension Scheme (SHAPS) DC
- Independent Schools' Pension Scheme (ISPS) DC
- Genesis Housing Association's Pension Scheme (GPS) DC
All of our individual defined contribution (DC) arrangements are effectively run as one large scheme making management more efficient and cost effective.
With more than 140,000 members and £0.8 billion in DC assets, we can keep our charges competitive.
Most of our members pay approximately 0.5% in charges - well below the Government’s 0.75% charge cap.
Members who invest in Ethical Target Date Funds pay slightly higher fees and charges to cover the costs of investment screening. At approximately 0.73% in charges, however, it is very competitive for ethical investments and below the Government’s charge cap.
Our defined contribution (DC) arrangements have been awarded the Pensions Quality Mark ‘Ready’ status – this means that our schemes have been independently assessed as having good standards of governance, low charges and clear member communications.
We have committed to complying with the Master Trust Assurance Framework, which means that every year; the DC arrangements are independently assessed against a rigorous set of controls set by ICAEW (Institute of Chartered Accountants) and The Pensions Regulator.
In March 2016 we were awarded the Master Trust Assurance Framework by The Pensions Regulator as a result of demonstrating high quality governance and administration standards.
Our range of workplace pension schemes and services are designed to meet the needs of employers.