Aviva first to be added to regulator's GPP list
Aviva Company Pension is the first group personal pension (GPP) which has been put on The Pensions Regulator's (TPR) list open to any employers.
The new list has been open for applications since April and GPPs added to the list must meet certain criteria.
They must be open to all employers and confirm their independent governance committee or governance advisory arrangement has assessed the product on offer.
It sits alongside a list of master trusts which have been reviewed against the voluntary master trust assurance framework.
AutoEnrolment.co.uk, run by pension platform Smart Pension, has been added to this list having obtained master trust assurance and met the criteria.
TPR executive director for automatic enrolment Charles Counsell said: "There is a wide choice of well-run, scalable and sustainable schemes which are available to all employers. I expect further GPPs and master trusts to be added to our lists in the coming months.
"We are working closely with interested providers to ensure those that meet the criteria are added to the lists as promptly as possible. We want employers to have information easily to hand to help them to choose a suitable scheme.
"For the hundreds and thousands of small and micro employers preparing to comply with automatic enrolment in the next two years, we believe that a well-run master trust or a group personal pension is a good choice."
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