TPR warns schemes could unwittingly become master trusts

James Phillips
clock • 3 min read

The Pensions Regulator (TPR) has warned schemes that making future changes to benefits or structures could cause them to become subject to its master trust regime.

Although schemes may not currently meet the definition of ‘master trust' in law, seemingly innocent changes to the benefit structure could mean they suddenly have new obligations and requirements. ...

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

AI data regulations should include pension perspective, says Zedra

AI data regulations should include pension perspective, says Zedra

Data regulation should clarify accountability and governance for trustees

Alex Levy
clock 14 September 2026 • 1 min read
Could pension pots solve the housing crisis?

Could pension pots solve the housing crisis?

Vidett’s Alison Hatcher chats to LCP partner and former pensions minister Steve Webb

Alison Hatcher
clock 09 September 2026 • 6 min read
DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP seeks views on draft GMP conversion regs and revaluation rates for early leavers

Jonathan Stapleton
clock 03 September 2026 • 2 min read
Trustpilot