All Master trusts articles – Page 12
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News
Providers divided on mandatory simpler annual statements
Workplace providers such as Smart Pension and PensionBee are supporting the government’s intention to introduce a standardised annual statement, with calls for legislation if take-up from schemes does not increase.
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News
TPR approves HSBC master trust
On the go: The HSBC Master Trust has become the first new scheme to be authorised by the Pensions Regulator, bringing the total number of authorised schemes to 38.
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News
Master trusts forced to up reserves due to levy increase
Master trusts will be hit twice by a general levy increase, since in addition to a cost hike these schemes will also have to boost their reserves in case of a wind-up, and face added scrutiny from the regulator as a revised business plan could be expected.
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OpinionClosing the gender pensions gap: Lessons from Sweden
Cardano’s Stefan Lundbergh argues the UK gender pensions gap could be reduced if parents had subsidised childcare, giving the Swedish model as inspiration.
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News
Now Pensions tax relief top-up claims double in a year
On the go: Workplace pension provider Now Pensions will be topping up pension pots of non-taxpayer members for the fourth year, after seeing claims double in 2017-18, when compared with the previous period.
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News
Schemes hit back at DWP’s levy ‘knee-jerk solutions’
Several pensions experts have criticised the government’s consultation on the general levy on pension schemes, arguing that the Department for Work and Pensions has proposed ‘knee-jerk solutions’ that are not fit for purpose.
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News
Pot-follows-member agreements: Feasible or fantasy?
Now Pensions wants to agree bilateral deals with other master trusts to consolidate small pots resulting from auto-enrolment, but experts say some hurdles remain.
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News
PASA launches guidance for master trust consolidation
On the go: The Pensions Administration Standards Association has launched guidance for master trusts to follow when considering consolidation.
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News
The People’s Pension fee structure changes delayed
On the go: Changes to The People’s Pension charges structure have been delayed after a problem was encountered during testing.
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News
DC trustees eye master trusts for decumulation options
Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.
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News
Master trusts cut prices to reach new authorisation targets
On the go: Master trusts are cutting prices by as much as 20 per cent to build up new business following authorisation from the Pensions Regulator, a consultancy firm has flagged.
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News
Authorisation sees master trust market shrink to 37 providers
On the go: A final total of 37 master trusts have received authorisation from the Pensions Regulator, with the FCA Pension Plan and Salvus Master Trust the last to get the go-ahead on Tuesday.
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News
Master trusts welcome CDC in decumulation
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
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News
Nest membership shrug off 2018 AE rate hikes
On the go: Members of master trust Nest were largely immune to the 2018 rise in minimum auto-enrolment contributions, according to new analysis showing opt-out rates remained stable.
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News
Authorised master trust group swells to 33 providers
On the go: Two more master trusts have been authorised by the Pensions Regulator, bringing the total number of regulated providers to 33.
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OpinionMaster trust regulation: Lessons from South Africa
Paul Williams of Baker McKenzie draws upon his experience in South Africa to argue that, in time, the UK’s master trusts will be seen as financial products, not pension schemes – and regulation will have to adapt.
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News
Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
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News
Nest improves member options for passing on pension pots
On the go: Master trust Nest has introduced a death benefit option to give members greater choice about how their pension pots are passed on after death.
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News
Nest appoints Blackrock and Amundi for private credit mandates
On the go: Amundi and BlackRock have been appointed by master trust Nest in a bid to increase members' exposure to private credit.
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News
Aegon and Nest join list of authorised master trusts
On the go: Nest, the master trust set up by the government to back auto-enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemes.