Goddard Perry has launched an additional voluntary contribution (AVC) version of its Salvus master trust in a bid to deal with regulatory challenges.
The firm said it had launched the product to specifically deal with new challenges brought about by the Pension Regulator's recently issued Code of Practice 13 aimed primarily at final salary AVC's many of which hold deferred members.
Goddard Perry managing director Steve Goddard said: "We are seeing increased activity in final salary AVC de-risking due to Code of Practice 13.
"Our new offering allows trustees to lift and drop AVC members whether active of deferred; taking them out of the ceding scheme."
He added: "The reality is that many final salary AVC's are old and dusty, have very little fund choice, uncompetitive charges and no online access for members."
Salvus was launched in 2012 and now has in excess of 600 scheme registrations with over 10,000 members.
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