Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
Ascot Lloyd undertook a full review following the exit of its master trust from the market to determine which provider would offer "a strong range of investment choices".
The financial advice firm also said it had looked for a provider than balanced good value for money with options for investment.
Ascot Lloyd head of corporate pensions Mark Pattison said: "The Salvus Master Trust is a natural fit for members and participating employers of the Ascot Lloyd Master Trust. We share a lot of synergies but ultimately this is all about positive experiences for employers and good member outcomes, and Salvus completely ticks these boxes."
Salvus was one of the last master trusts to have its authorisation application approved by The Pensions Regulator last year. The master trust - which was approved on 5 November alongside the Financial Conduct Authority Pension Plan - was acquired by savings and investment platform Cushon (formerly Smarterly) on 1 April.
Cushon managing director Tony Clutterbuck said: "We are delighted to be working with Ascot Lloyd Pension Trust and very much look forward to working with the team to achieve a smooth transfer and ensuring their clients receive a high-quality ongoing service."
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
Defined contribution (DC) pensions are showing positive signs of market recovery after dramatic falls in the number of expected retirements this year due to the ongoing coronavirus pandemic.
Transfers between defined contribution (DC) schemes must continue to be prioritised by trustees during the Covid-19 pandemic, The Pensions Regulator (TPR) warns.
Many schemes are only at the start of their ESG journeys and are likely to be confused by reporting requirements as they also grapple with the ongoing Covid-19 pandemic, says the Pensions and Lifetime Savings Association (PLSA).
Savers with less than a decade to go until retirement have a reasonable timeframe ahead for their pension to recover from the market instability caused by the Covid-19 coronavirus, according to Unbiased.