Sterling McCall and Carey Pensions UK team up for pension service

Financial adviser firm Sterling McCall has added Carey Pensions UK, part of the Carey Group, as the administer and trustee of its bespoke workplace pension discretionary service.

The discretionary fund will be managed by Sterling McCall via its platform partners, Newscape and Praemium.

Steve Moseley, operations director at Sterling McCall, said: “We have been trying to build a workplace pension for 12 months. The current established models, the risk assessment, fund allocation and fund reviews make it nigh on impossible for an IFA to meet the standards required in a practical and viable manner.

“We will be bringing the workplace mandated portfolios with targeted returns via our discretionary fund manager, Newscape. The key is to keep the costs and administration down, whilst offering all the benefits of discretionary management to the clients.”