We have participated in the establishment of several industry wide trusts, and are highly adept at reviewing platform provider contracts, advising on asset security and offering expertise on a range of other operational issues. Recent increased regulation and the likelihood of further developments has made advice in this area particularly crucial. We understand that controlling adviser fees is vitally important for any defined contribution arrangement, and especially so for a Master Trust. One advantage of being a pensions-only practice is that we can offer a range of fee approaches to suit the needs of our clients. Economical operating costs are particularly vital in a Master Trust environment, and we aim to rise to that challenge and exceed expectations.