All Master trusts articles – Page 17
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News
Freedoms still have industry in their grip: Top DC stories from 2017
Year in review: The sea change policy of freedom and choice brought in more than two years ago continues to dominate in the defined contribution world.
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OpinionSupporting consumers and the industry
Following years of reform and bold new policy it is right that we now enter a period of stability and implementation, building on our success and consolidating support for consumers and the industry where it is needed.
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Opinion
DC Debate Q4: Mastertrusts, AE and more
Six defined contribution specialists talk mastertrusts, compulsion, and what lessons can be learnt from DC systems around the world.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.
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OpinionMaster trust consolidation – at what cost?
Regulators should be wary of an overzealous insistence on consolidation to a specific number of mastertrusts, and must focus instead of clearly defined standards of governance, writes Colin Richardson from professional trustee company PTL.
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OpinionIs the CDC era about to begin?
The Pensions Management Institute’s Tim Middleton says positive experience in the Netherlands and a change in the political landscape are paving the way for the adoption of collective defined contribution in the UK.
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Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
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OpinionShould your DC scheme move to a master trust?
The decision to move a defined contribution scheme to a master trust all depends on an employer’s priorities and philosophy, according to John Wilson and Stephen Coates at JLT Employee Benefits.
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Features
Wholesale changes to rules are needed to enable DB consolidation
Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.
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Features
How will regulation need to change to be fit for the 21st century?
Pensions Expert 20th Anniversary: When the world’s first funded occupational pension plan appeared towards the end of the 16th century in the form of a large iron chest, its success was short-lived.
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OpinionDon't end default at AE
Editorial: Another prominent industry figure has advocated introducing a default option at retirement this week, after last week’s informed comment piece was written with the same in mind.
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Features
Mastertrusts and platforms: A match made in heaven?
Analysis: Greater efficiency and the ability to access a broader range of investments are some of the reasons why mastertrusts appoint third party investment platforms, but as with all providers, monitoring is key, experts say.
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FeaturesBayer latest scheme to move to mastertrust
Pharmaceutical company Bayer has closed the defined contribution section of its pension plan and transferred members to a mastertrust, a move experts say has become increasingly common in recent years.
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OpinionPractical steps for improving DC savings
LGIM’s Emma Douglas says clear member communication and helpful product design must be central to the industry’s efforts to help the DC generation tackle the savings challenge ahead of them.
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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Features
FKI scheme winds up and moves members to mastertrust
Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
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Opinion
Mastertrusts have the next milestone in sight
Mastertrusts are on their way to becoming a dominant force in the UK pensions system, having woven themselves into the fabric of workplace defined contribution provision.
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.