Darren Philp reacts to the DCIF's report which raised concerns about investment quality and choice in master trusts
I observed with interest some of the reporting around the Defined Contribution Investment Forum's (DCIF) recent report on investment strategies in master trusts (see PP's coverage of the report here)....
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.