TRUST|Pensions, a new automatic enrolment solution for the SME market has launched today to help provide additional capacity for the 1.4 million SMEs due to auto-enrol their workers over the next few years.

The solution will provide additional, quality scheme choice for employers and advisers reviewing their initial automatic enrolment arrangements.

The scheme is run by independent professional trustee company, Bridge Trustees Limited, a 100 per cent owned subsidiary of Eversheds LLP.

Investments are held through the AXA Wealth Corporate Trustee Investment Plan, with different investment managers providing investment options. These include risk profiled funds: multi-asset passive funds managed by Architas, Ethical: LGIM ethical global equity index fund and Sharia: HSBC Life Amanah pension fund.

TRUST|Pensions looks to work closely with accountants and advisers to help employers meet their duties.

TRUST|Pensions head of business development Rachael Harris said the solution has been designed for smaller SMEs who need a simple low-cost solution, to make automatic enrolment as straightforward as possible.

“We are making automatic enrolment easier for not only employers staging this year, but also for employers and advisers reviewing their initial automatic enrolment arrangements. The scheme has been live since October for selected clients, and feedback has been good.”

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