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9th September 2013

CENTUM: AN AUTO‐ENROLMENT INVESTMENT SOLUTION FROM TAM

TAM Asset Management, the discretionary investment manager, has launched CENTUM, an investment solution specifically designed for regular contributions in workplace pension schemes. It offers a range of risk‐profiled portfolios. CENTUM has been created in response to the ongoing changes in pension legislation, notably the demand for auto enrolment products, as well as competition to the more traditional single solution offering.

 

CENTUM offers four distinct risk profiles and scheme members are free to choose their own risk profile and move between them whenever they wish. Even though monthly contributions may be small, each member has transparency on the investments held within the scheme.

 

The portfolios will be managed on TAM's innovative platform which allows for instant valuations, performance information and management reporting with asset exposure analysis and transactional reporting. Charges are competitive in the work place pensions market with an ongoing annual management charge of only 0.6% per annum.

 

TAM launched its own staff pension scheme earlier this year using CENTUM.

 

Len Oram, Chief Operating Officer at TAM said: “Given the present relevance of workplace pensions we are seeing accelerating demand. CENTUM offers exceptional transparency to all scheme members in the build process of a pension and we were looking to offer something different to the market.

 

TAM Chief Executive, Lester Petch, said: “Our CENTUM product offers one of the most cost effective and flexible investment solutions for workplace pension schemes. It allows for broadly diversified investments and uniquely, we offer comprehensive online reporting via our platform to all members – the employer, scheme administrator and the individual employee, who can track the the value and the performance of their own portfolios, 24 hours a day.

 

“Add in our competitive and low‐cost charging structure specifically designed to have less impact on the performance of portfolios and you have, we believe, a market leading product”.

 

TAM plans to launch a version of CENTUM for the offshore market.

 

For further information:

Lester Petch, Chief Executive

TAM Asset Management 020 7549 7650

 

Paul Quade/Allan Noel‐Baker

CityRoad Communications 020 7248 8010

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