Source Pensions presentation at the PensionSource Fund Manager Conference 2012

1. Source Pensions in the UK
Alastair Burt
Managing Director

2. Pension Source
Burden on Trustees
AUM Remuneration
Investment Platform
Joined-up Technology
Cost

3. Source Pensions
Burden on Trustees
AUM Remuneration
Investment Platform
Joined-up Technology
Cost

4. Why Source Pensions in the UK?
Retail Distribution Review (RDR)
Auto-enrolment (A-e)

5. Retail Distribution Review
Examinations
Commission
Customer Agreed Remuneration
Capital Adequacy

6. Automatic Enrolment
Every Employer
October 2012 to 2017
8% salary
Opt-out
Opt-in
Re-enrol every 3 years
Hefty fines!

7. Size of Market
c 11,500,000 employees
Average contribution £1,650 p.a.
24,000 Employers “staging dates” in July 2014
HUGE opportunity for IFAs

8. Choice for Employers
Existing scheme?
NEST (National Employment Savings Trust)
Life Companies
New entrants
Trust-based vs Group Personal Pension

9. So, why Source Pensions?
Trust-based
Competitively charged
Investment choice
Reduced Administration
State-of-the-art “Root” technology
RDR Compliant
A-e Compliant

10. Thank-you