Goddard Perry names new master-trust boss

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Employee benefits firm Goddard Perry has recruited Graham Peacock to head up its newly merged master-trust.

Peacock joins the company from Carey Group, where he was head of business development. Prior to this he held senior roles at Close Brothers, Friends Provident and Zurich.

Goddard Perry managing director Steve Goddard says: “Graham’s knowledge of the industry and strong relationships with financial advisers and other business referrers will be a valuable asset as we target significant growth over the next 12 months and beyond.”

Goddard Perry announced last month plans to combine its Spinnaker and Salvus master-trusts from 1 January 2016 to create a single £40m scheme with 10,000 members.

Spinnaker was set up in 2009 as part of a deal with the Pension Protection Fund to take on schemes orphaned by failed sponsors. It now has over 100 employers with charges ranging from 0.5 per cent to 0.75 per cent.

Salvus was launched in 2012 and provides auto-enrolment for over 900 employers. Charges are capped at 0.6 per cent plus an 83p per member monthly administration charge, though fees can be lower depending on the profile of members.