Our product

Our product offering is a very simple. Spinnaker is a wrapper which combines a Master Trust, an Investment Manager and an Administrator.

Our message to potential clients is clear:

• We want all your deferred members.
• We want all your AVC deferred members.

The Spinnaker product is designed to allow you to transfer all responsibility for data, compliance and investments for ALL your deferred members to us. This will give you the opportunity to concentrate on functioning as a profitable business and offload one huge "headache"!

How it works?

Spinnaker utilises a Master Trust (known as a Centralised Trust) to which an unlimited number of employers can join (non-associated to each other). All deferred members are transferred to the Spinnaker Group including data and assets and we will look after your members for you. All further liability, costs and compliance cease on your part as sponsoring employer and indeed for the trustees.

Spinnaker will take over full responsibility for monitoring members, holding member records, reporting to members and investing their assets. We will also deal with all Pension Regulator (TPR) compliance and pay TPR Levy’s.

Spinnaker will also be responsible for producing Scheme accounts and issuing annual statements (SMPI’s) to members.

Who is Spinnaker designed for?

Spinnaker will appeal to any Corporate client who sponsor an Occupational Pension Scheme and wish to reduce liability and cost. Specifically Spinnaker is aimed at taking on the following:-

1. Deferred members of Occupational Money Purchase (Defined Contribution) Schemes
2. Deferred AVC members of Occupational Money Purchase (Defined Contribution) Schemes
3. Deferred AVC members of Occupational Final Salary schemes (Defined Benefit)

How much does Spinnaker cost?

Spinnaker has a range of charging solutions negotiated on a case by case basis.

Are there any other costs or charges for set-up?

The answer is NO. Spinnaker is designed to be simple, efficient and low cost.