Adviser launches pension master trust to rival NEST

Dean Wetton, director of Dean Wetton Advisory, which provides investment advice to institutional clients, has created the Pensions Umbrella Trust (PUT), as a similar scheme to the government vehicle. This comes after Danish pension provider ATP announced it will launch an independent mastertrust to rival NEST in 2012. Wetton's pension scheme, also a master trust, allows any employer to join it and set their own contribution levels. "All of the parts of the PUT are independently-sourced, such as the investment advisers, administrators and accountants," said Wetton. This, he claim...