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Latest master trust news
Royal Mail transfers £2.5bn DC fund to Legal & General Mastertrust
The arrangement involves almost 100,000 members and is the biggest single transfer to a master trust yet completed in the UK’s defined contribution market.
People’s Pension: What kind of institution are we building?
Dan Mikulskis, chief investment officer at People’s Pension, explores key qualities of successful large asset owners from the master trust’s own research, as UK institutions continue to seek scale and greater investment capabilities.
Turning DC savings into retirement income
How can defined contribution schemes support members throughout retirement? At a Pensions Expert roundtable, scheme representatives discussed guided retirement, the limits of member engagement and whether government reforms leave enough room for different approaches.
West Midlands’ Brothwood to lead Pensions UK policy board
Trade body Pensions UK has appointed four new members of its board, including a new chair for its separate policy board to succeed John Chilman.
Pension schemes seek to tell the ‘stories’ behind infrastructure investing
More than four in five (82%) investors want to know more about how their pension was invested in infrastructure, according to research commissioned by Nest, Border to Coast, and IFM Investors.
Latest DC comment
IFS: Which workers should automatic enrolment reforms target?
Raising minimum auto-enrolment contribution rates requires a more nuanced approach and can’t be one-size-fits-all, writes Heidi Karjalainen of the Institute for Fiscal Studies.
Guided retirement: designing pension systems that work with and for human nature
Paul Sweeting of the Institute and Faculty of Actuaries introduces new research that explains why it is critical that the industry works together to get guided retirement solutions right.
Beyond the workplace: Mapping the changing DC pensions market
With the defined contribution sector facing profound changes, the Pensions Policy Institute’s Shantel Okello explains how the organisation’s latest research aims to capture as big a picture of the landscape as possible.
Prospect: Self-employed workers need more help to save for retirement
Steve Thomas, deputy general secretary of the trade union Prospect, says it is not enough just to encourage more saving among self-employed people – they need a sustainable, affordable way to do so.
More master trust news
Scale expectations must be grounded in reality, industry says
The government’s aim to create £25bn defined contribution “megafunds” needs more flexibility and to reflect how assets are invested and governed in practice, according to responses to its latest consultation.
PMI names 40 trainees for expanded trustee accelerator programme
The Pensions Management Institute is stepping up its efforts to increase the number of trustees working with defined contribution (DC) master trusts with an expanded Trustee Accelerator Programme.
Aon plots entry into CDC market after rulebook enacted
Collective DC could “revolutionise” the UK pension system, according to Aon’s Chintan Gandhi, as the consultancy prepares to launch an offering in 2028.
Buying British: Railpen, Nest, LGPS pools exploring UK ‘scale up’ fund
Leading investment institutions are in talks with the British Business Bank and the Office for Investment about the creation of a £1bn fund to drive investment into domestic companies seeking scale-up capital.
Now Pensions on social housing and private markets investing
Martyn James, director of investment at Now Pensions, explains how the £7.1bn master trust is allocating to affordable and social housing as part of its private markets strategy.
Scale and consolidation: Finessing the detail of the £25bn target
The government has sought to provide more clarity on elements of its scale and consolidation plans ahead of a full consultation next year.
Value for Money: A pragmatic delay, but with much work still to do
The Value for Money regime is on its way, but with the rulebook still in development, what does the pensions industry make of the government’s latest thinking on this crucial reform?
Appointments: Nest, Hymans Robertson, Aon, Quantum
The latest hires, promotions and appointments for the week ending 17 July 2026.