Five stories you may have missed this week
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
1. DWP gives green light to CDC; will extend to wider models after Royal Mail scheme
Collective defined contribution (CDC) provision will be introduced slowly, starting specifically with a Royal Mail scheme and then rolling it out more widely, the government has confirmed.
2. TPR grants extensions for 11 master trust authorisation applications
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
3. Exclusive: One third of trustees reconsidering pension offering in light of authorisation
Some 36% of trustees and pension directors are reconsidering the way they offer pension benefits in light of master trust authorisation, according to LifeSight.
4. Interserve schemes saved after sponsor pre-pack
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
5. Aviva and Creative Pension Trust bring total master trust applications to 18
Aviva Master Trust and Creative Pension Trust (CPT) have sent off their master trust authorisation applications to The Pensions Regulator (TPR).
More on Industry
Have your say: Should trustees be held accountable for the security of data and assets in the event of a cyber attack?
In this week's Pensions Buzz, we want to know if you agree that trustees be held accountable for the security of data and assets in the event of a cyber attack.
Exclusive: Multiple dashboards unnecessary says industry in mixed Pension Schemes Bill feedback
More than four in five employers oppose the implementation of multiple pensions dashboards and any that do not include state pensions, the Association of Consulting Actuaries (ACA) says.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
A beacon of hope: How the PMI will evolve in a post-Covid world
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
PASA looks to ramp up pensions admin standards with Deloitte partnership
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.
