Capita launches Atlas, a new defined contribution Master Trust
Capita Employee Benefits announces today that it has launched a defined contribution (DC) master trust, Atlas.
Already adopted by a high-tech company, the multi-employer plan offers a complete end-to-end workplace pension solution, from contribution collection and ongoing investment through to permitting the full flexibilities afforded by the recent Freedom and Choices reforms at retirement, all the while meeting the Pensions Regulator’s exacting requirements. Atlas has been designed to ensure the pension plan delivers the best possible value for members through:
- Service – a robust, proven and scalable technology supported by an experienced administration team
- Governance – value and insight from an expert and independent trustee board comprising Alan Whalley, Trustee Director of the British Coal Staff Superannuation Fund and former Chief Executive of Mercer, Steve Delo, chief executive of PAN Governance LLP and Penny Green, former Chief Executive of The Superannuation Arrangements of the University of London (SAUL)
- Engagement – clear guidelines and easy to understand communications to help bring about increased engagement and understanding of saving for the long-term
Susan Ring, chief executive of Capita Employee Benefits, said: “The evolving regulatory and legislative landscape has placed greater scrutiny on those with responsibility for workplace pensions. It’s crucial for employers to provide employees not only with a well-governed pension scheme, but one that is also future-proofed and engaging. Atlas is easy to understand and can be accessed anytime and anywhere through our online benefits portal, Orbit. It delivers the best possible value to its members, while also taking away the headaches that the many people who already run a pension scheme experience.” “Atlas provides employers with real peace of mind that the product is built upon Capita’s breadth of expertise and scale of administration experience.” As a demonstration of its commitment to the market, the Atlas master trust is currently completing the requirements of the Institute of Chartered Accountants in England and Wales’ voluntary audit assurance framework and has also undertaken the application for the ‘PQM Ready’ designation from the Pension Quality Mark.
For further details, visit the Atlas Master Trust microsite and watch our video to understand why Atlas is so unique.