Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.
Vehicles to promote and enable pension scheme consolidation have been accused of forgetting the policy's intention of boosting outcomes for members of sub-scale schemes.
Ruston Smith is stepping down as a trustee at The People's Pension (TPP) as the end of his agreed two-year term approaches.
Disasters happen, but the consequences can be huge. Pádraig Floyd looks at what trustees and employers can do to ensure the master trust they have selected can withstand a crisis
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions. As such, sponsors and trustees have an important role to play in deciding what options to make available to members and how much member support should be in place.Download