All Master trusts articles – Page 14
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News
Regulator announces authorisation application from new master trust
On the go: The Pensions Regulator has revealed that a total of 39 master trusts have applied for authorisation, including one new master trust, as it indicates that new master trust schemes will face tougher supervision.
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Features
University of Birmingham replaces GPP with master trust
The University of Birmingham has replaced its group personal pension plan with a master trust administered by a different provider, following a review of staff retirement savings arrangements.
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Features
UK charities feel strain of DB scheme funding
Data crunch: UK charities are feeling the strain of defined benefit funding – with the average FRS102 pension deficit equalling almost a fifth of unrestricted assets across the 40 largest charities by income in England and Wales.
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News
Master trust authorisation period closes with 38 left in the running
On the go: A total of 38 master trust authorisation applications had been submitted to The Pensions Regulator by Tuesday, as the extension period closed with more casualties expected.
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News
Nest seeks new third party administrator
On the go: Master trust Nest has invited bids to take over the administration of its 8m-member scheme from 2023, as regulations force the scheme to re-tender at the end of its current contract.
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News
Link Pension Trustees receives record fine of £104k from TPR
On the go: The Pensions Regulator has fined professional trustee company Link Pension Trustees, a total of £103,750 for breaching multiple areas of pension law. This is the largest ever fine handed to trustees by the watchdog.
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News
TPR warns on chair's statements after master trust fines upheld
On the go: Fines issued by the Pensions Regulator against two master trusts have been upheld by courts, as the watchdog warned providers to ensure their chair's statements comply with the law.
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News
BlueSky and Crystal master trusts gain authorisation
On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.
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News
Only 13% of organisations predict CDC adoption in next six years
On the go: Only 13 per cent of trustees and sponsors predict that their organisations will adopt a collective defined contribution scheme of some sort by 2025, according to research by Willis Towers Watson.
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News
‘Large casualties’ expected as master trust authorisation window closes
On the go: Thirty master trusts have applied for authorisation to the Pensions Regulator by the closing date for applications of March 31. A further 10 schemes have been granted an extension and are expected to file an application in the coming weeks.
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News
Clara eyes Q2 transaction after consultation delays clearance
Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.
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OpinionAuthorisation will help make Britain 'best country in world to grow old'
Automatic enrolment has been revolutionary. The numbers speak for themselves, with more than 10m people brought into workplace pensions saving thanks to this pioneering policy since 2012.
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PodcastsPodcast: How to select the right master trust
Podcast: Master trusts have until the end of March to complete their applications to the Pensions Regulator for authorisation. In this PE podcast episode, Ian McQuade, director at Muse Advisory, discusses master trust selection and how the watchdog’s authorisation and supervision regime will change the market.
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News
National Pension Trust files for authorisation days before deadline
On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.
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News
TPR could face last-minute ‘tsunami’ of master trust applications
On the go: With just over three weeks left until the end of the authorisation window for master trusts, 13 applications have been received by the Pensions Regulator from the 90 master trusts in the market, meaning it could face a last-minute tsunami of applications, according to consultancy Hymans Robertson.
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News
SEI seeks master trust authorisation just weeks before the deadline
On the go: With just weeks to go before the final deadline of March 31, SEI is the latest trust to reveal that it has applied for authorisation of its SEI Master Trust.
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Features
Metal Box members headed for master trust under DB closure plans
Members of the Metal Box Pension Scheme are set to move to a defined contribution master trust under company proposals to close the defined benefit scheme to future accrual and replace the current DC section.
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News
LifeSight first master trust to gain TPR authorisation
On the go: Willis Towers Watson’s LifeSight is the first master trust to gain authorisation, the Pensions Regulator confirmed on Wednesday.
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News
Cardano agrees acquisition of Now Pensions
On the go: Pensions risk and investment management specialist Cardano has agreed to acquire 100 per cent of workplace pension provider Now Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension.
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News
Last-minute dash expected for master trust authorisation
On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.