DWP responds to master trust authorisation regime; Schemes to pay up to £41,000 for authorisation

James Phillips
clock • 2 min read

Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.

While new master trusts will have to pay £23,000, the higher fee for existing master trusts is due to them having more historical data and will therefore be more complex to assess, the Department f...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Industry backs PPF levy reduction but raises concern over superfund exemption

Industry backs PPF levy reduction but raises concern over superfund exemption

Decision to reduce levy to zero makes sense, but same logic should apply for superfunds

Jonathan Stapleton
clock 05 January 2026 • 3 min read
FCA transfer proposals 'a big step forward' for savers

FCA transfer proposals 'a big step forward' for savers

But People’s Pension disappointed FCA did not recommend a ban on transfer incentives

Jonathan Stapleton
clock 12 December 2025 • 3 min read
FCA to consult on pension charge cap

FCA to consult on pension charge cap

Watchdog wants to ensure members not disincentivised by higher performance fees

Jonathan Stapleton
clock 11 December 2025 • 1 min read
Trustpilot