Schroder Pensions has won its first stakeholder contract from transport company P&O and UK engineering firm Caparo.
The wins follow the launch of Schroder corporate stakeholder pension scheme in January.
In addition, the firm has also bagged about 15 comprehensive defined contribution schemes since embarking on a DC service for the corporate pensions marketplace six months ago. These include the plan for residential and day services provider MacIntyre Care.
By Madhu Kalia
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.