UK - The Royal Bank of Scotland (RBS) Group Pension Fund has received 76 applications for just four member nominated trustee (MNTs) positions.
A commentator, who asked not to be named, said the reason for the high number of applications could be the calibre of the membership who would all be financially literate.
He added the experience to be gained from being a MNT for such a large sophisticated scheme would also be attractive.
One of the candidates, Jonathan Hoffman, former adviser at the National Association of Pension Funds (NAPF), now a member of the team setting up new pensions guarantor BrightonRock, spoke to Global Pensions about what this meant for the pension fund.
Hoffman said: "It is extremely healthy for the RBS scheme that so many members want to become trustees. It suggests that when the requirement for MNTs rises from 33% to 50% in 2009, there will be no shortage of good candidates.
He added: "However the RBS scheme is one of the largest; smaller schemes may have more problems in finding good MNTs"
A spokeswoman for RBS confirmed the number of applicants to Global Pensions but declined to comment any further on story.
The RBS and Nat West pension funds merged in 2002 and in May 2006 the scheme shut its final salary scheme to new members.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.