National Association of Pension Funds Super Trusts launched

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National Association of Pension Funds Super Trusts launched

The announcement of the National Association of Pension Funds Super Trusts scheme has been made today.

It is the latest response to the government's call for a private alternative to the National Pensions Savings Scheme (NPSS).

There are up to 20 collective pensions in the range into which workers will be automatically enrolled and make defined contributions.

NAPF claims that the plans will drive down costs, focus on customer interests owing to the fact that they are trust based and offer lower management charges than other options.

Christine Farnish, chief executive of NAPF said: "Super Trusts would be not-for-profit, large-scale bodies whose sole job was to get a good deal for consumers."

The association states that it currently has ten million working members and provides income to about five million retirees.

Full details of the National Association of Pension Funds Super Trusts scheme is available on the NAPF website.

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