Liverpool based HS Administrative Services Ltd (HS Admin) has announced that assets under influence within its master trust division have passed through the £1billion mark.
HS Admin is a long-standing specialist provider of third-party pension administration services and first entered the master trust space in 2010. Since inception the firm has grown to now serve more than 300,000 members, with this latest £1bn milestone demonstrating its continued commitment to serving this market.
Graham Hickling, Managing Director of HS Admin, commented: “Over the past 11 years, our dedicated master trust team have worked tirelessly to ease the administration burden for trustees and provide employers with peace of mind that their members are always being provided with the best possible service.
“This is an important milestone for us and is reflective of the quality of our services, systems and loyal client base. With yet more consolidation on the horizon, we remain committed to the master trust market and look forward to supporting more members along the way.”
As well as serving the master trust market, HS Admin currently administers more than £5bn assets on behalf of over 60 DB and DC schemes.