Spinnaker Master Trust appoints HS Admin to administer DC pension

Spinnaker Master Trust, an occupational defined contribution (DC) pension scheme for non-associated employers, has appointed HS Admin to carry out all its administration.

HS Admin, which was acquired by Goddard Perry Consulting in October 2010, has confirmed that pricing will range from a 0.25% to 1% annual management charge.

Steve Goddard, managing director of Goddard Perry Consulting, said: “We are committed to Spinnaker and want to provide a clear and simple solution for trustees and insolvency practitioners which are dealing with pension protection fund cases with defined contribution assets.

“We are now also offering a solution for financial assistance scheme (FAS) cases where there is no employer or insolvency practitioner, which we hope will be a great benefit to the industry.”

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