Now Pensions: Master trust capital adequacy should be £2m minimum
Capital adequacy for master trusts should be set at a minimum of £2m to ensure a robust and innovative market according to Now Pensions.
The recently published Pension Schemes Bill tackles the issue of financial sustainability and says sufficient financial resources could be: "the costs of continuing to run the scheme for such period (which...
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New TPR powers could lead to upsurge in clearance applications
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
Pension Schemes Bill gets final approval and waits for Royal Assent
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
FCA data reveals over £20bn of DB transfers between 2018 and 2020
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
PensionBee launches flexible offering for self-employed
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Trustees will need to be corporate finance experts under new TPR powers
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
