Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
The provider has been plagued by administration issues arising from a change in third-party administrator, with contributions for a "small percentage of clients" not being collected or invested.
This led to a £70,000 fine from TPR and a July 2018 deadline for the provider to fix the problems. Last July, the master trust withdrew from The Pensions Regulator's assurance list.
The provider has since conducted a "detailed analysis" of members, finding over two-thirds of members were affected. However, this could mean just one month of delay, the master trust said, with the average amount members had missed out on under £3.
Now Pensions trustee chairman Nigel Waterson said: "We have worked closely with TPR throughout this process and are very grateful to employers for their help and co-operation as we've carried out this work. We are pleased with the huge progress made and believe that we've taken, and continue to take, all reasonable steps to comply with the notices and to put these historic issues behind us.
"With the significant investment we've made in systems, people and processes we are well placed for the future."
The update comes as, earlier this month, one Now Pensions member wrote to the provider on Twitter after finding his online account showed no money in his pot. Now Pensions' reply to the member the following day, noted that its "Unit Correction Project" - which aims to rectify members' pots to the position they would have been if contributions had been made on time - will ensure that no members suffer any detriment.
TPR said that it was now assessing how Now Pensions had met its improvement deadlines. A spokesperson said: "We are now reviewing the evidence provided by them to ensure we are satisfied that they have taken all reasonable steps to comply with the deadlines."
Master trusts, including Now Pensions, will be required to apply for authorisation by TPR from October, with just one chance being given demonstrate they meet its criteria.
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