All Master trusts articles – Page 10
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News
TPR touts tougher DB approach and shrinking DC universe
On the go: The Pensions Regulator has stated its ambitions to extend its direct supervision of schemes and refocus on prompt transactions, after meeting the majority of its performance objectives over the past year.
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News
Trend towards master trusts continues apace
On the go: The rate at which FTSE 250 companies move to master trusts as their main defined contribution vehicle is set to accelerate over the next two years, according to a new report from Willis Towers Watson.
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News
At-retirement support weakest link in workplace pensions
Data crunch: Pension providers must improve on supporting members at the point of retirement, while post-retirement drawdown options are also in need of investment, according to new research.
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News
Scottish Widows looks to overcome long-term market challenges
Scottish Widows has announced plans to enhance its asset allocation strategy in response to lower projected returns and potentially long-lasting volatility as a result of the coronavirus crisis, following a strategic review conducted earlier this year.
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News
Government plans to push ahead with small scheme consolidation
On the go: The government looks set to press ahead with plans to encourage small schemes to consolidate, according to analysis of consultation documents by LCP.
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News
Change in direction for McClymont in surprise job move
In something of a shock move, Gregg McClymont, a former Labour shadow pensions minister, starts a new role at IFM Investors in July as its executive director of public affairs for Europe.
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News
DWP to introduce flat-fee limits to protect small pots
The Department for Work and Pensions has concluded that a flat-fee structure implemented by some master trusts does not provide “adequate protection”, especially for lower earners, and is proposing an application limit to protect small pots.
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OpinionWhy we are taking action to ensure a safe DB consolidator market
The Pensions Regulator’s Charles Counsell explains the principles behind the watchdog’s new framework for regulating the defined benefit consolidator market.
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News
Auto-enrolment weathers second contribution increase
A step up in the level of minimum contributions to workplace pension schemes in the UK has resulted in a minor uptick in employees choosing to opt out of saving, according to a new study.
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News
Smart eyes alts allocations after Natixis backing
On the go: Master trust Smart Pension has attracted investment from asset manager Natixis, in a strategic partnership that the companies hope will see members gain access to the fund house's suite of alternative strategies.
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PodcastsPodcast: McClymont - UK still has far too many master trusts
Podcast: The UK master trust market is still lacking the scale needed to provide the best outcomes for members, argues Gregg McClymont, director of policy at The People’s Pension. He and Pat Sharman, managing director at Caceis, discuss concerns from the Pensions Regulator regarding the investment strategies pursued by some of the UK’s authorised master trusts, among other topics.
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News
PS Aspire pulls out of master trust market
On the go: Punter Southall Aspire has withdrawn its master trust from the market after concluding that it was unlikely to reach the necessary scale.
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News
Regulator concerned by master trust investments weaknesses
Investment strategies pursued by some of the UK’s authorised master trusts are exposing pension scheme savers to unnecessary risks, according to the Pensions Regulator.
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Features
Scottish Widows hires former regulator as master trust chair
Andrew Warwick-Thompson has been at centre of the pensions industry since 1986, in a variety of top jobs including leading roles at the Pensions Regulator and in the Local Government Pension Scheme, and now clutching his first non-executive role as chair of the Scottish Widows Master Trust.
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News
Master trust members close to retirement lose 8.7% in savings
On the go: The pension savings of master trust members close to retirement are likely to have declined on average by 8.7 per cent during the first quarter of 2020, according to analysis from Isio.
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PodcastsPodcast: Three-month DB contribution holiday ‘might not be enough’
Podcast: Measures introduced by the Pensions Regulator – which allow employers to freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus – might need to be reviewed, warned Emma Watkins, annuities director at Scottish Widows. However, she says the plan gives “breathing space to the most stressed pension schemes”, an opinion shared by Simon Kew, covenant adviser and former manager at the regulator.
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News
The People’s Pension introduces ‘criticised’ annual charge
The second-largest master trust in the UK is changing its charging structure and introducing an annual fixed fee, a model that other providers operate but which has been heavily criticised by experts.
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News
Smarterly acquires Salvus Master Trust
On the go: Fintech savings provider Smarterly has acquired Salvus Master Trust for an undisclosed sum, the first deal to occur in the sector after the introduction of the authorisation regime.
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News
Charge cap could be a barrier to CDC, experts fear
A collective defined contribution pension scheme for Royal Mail employees is inching closer to the starting gate, but an amendment to the pension schemes bill to impose a charge cap could derail other nascent CDCs from ever getting off the ground, according to experts.
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News
Opperman to legislate for DC consolidation
On the go: The minister for pensions and financial inclusion has unveiled plans to force the consolidation of subscale defined contribution arrangements.