Smart Pension absorbs £12.5m Corporate Pensions Trust; Will apply for authorisation 'imminently'
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The deal with the scheme's sponsor, Lighthouse, was agreed earlier this month after a market review of CPT following the launch of The Pensions Regulator's (TPR) authorisation regime last October. Under...
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