The National Pension Trust (NPT) has selected HUB Financial Solutions to provide support to members making key financial choices in the run-up to retirement.
HUB Financial Solutions offers members who are utilising pension benefits specialised retirement guidance and support through a telephone-based helpdesk and a Guided Annuity Service. The 178 employers who employ the 59,000 members of NPT will provide the services.
National Pension Trust head Paul Armitage says: “We know that retirement is complex for people and that they need help and support to make the most of their hard-earned pension savings.
“That’s why we’ve teamed up with Hub Financial Solutions to help our members achieve better retirement outcomes through high quality information and guidance, support from trained specialists and access to the most competitive annuity rates. We ran a rigorous selection process during which HUB Financial Solutions impressed us with their expertise, commitment to innovation and scalability.”
HUB Financial Solutions director Adrian Cooper says: “NPT is a leading master trust in a fast-growing sector. We are thrilled to have been selected by its executive team and trustees committed to providing high quality support to retiring members facing tough financial decisions.
“Forward-thinking trustees and scheme providers are responding to increasing regulatory pressure to do more to help their members to better outcomes. This requires providing the services and support to help members navigate the complexity of pension ‘freedom and choice’ and to safeguard them against uninformed decisions and scams.
“We are looking forward to working with NPT now and in the years ahead to help many thousands of its members to a more secure and prosperous retirement.”