The Pensions Trust’s defined contribution multi-employer offering for the voluntary sector 'SmarterPensions' is now live.

Voluntary sector occupational pension provider Pensions Trust is offering the defined contribution (DC) platform for its qualifying workplace pension schemes.

The service, which is fully auto-enrolment compliant, uses AllianceBerstein’s Target Date Funds strategy as a default and also offers ethical fund options such as Ethical Target Date Funds. The annual management charge (AMC) across the majority of the schemes is set at 0.45 per cent.

Pensions liabilities have caused concern recently. Last week umbrella bodies CFG, NCVO and Navca penned a joint letter to the minister for pensions expressing their "grave concern” regarding escalating pension liabilities on charities, and yesterday the merger between Navca and Community Matters was cancelled due to fears over pension liabilities.