NORTHAMPTON: Travis Perkins has appointed Standard Life to provide a master trust scheme for its 25,000 employees in advance of its 2013 auto-enrolment staging date.
Standard Life was chosen by tender. The scheme will bring together employees' contract and trust-based pension plans, excluding final salary, subject to consultation.
The Travis Perkins Group retirement savings plan will launch in September and will be available to all new and existing employees.
The default investment option, the Standard Life Passive Plus III Strategic Lifestyle Profile, will be based on StandardÕs MyFolio range.
Standard will provide the administration, the investment platform and member communications. Pitmans Trustees has been been appointed as the scheme's independent trustees.