The Universities Superannuation Scheme's (USS) defined contribution master trust - USS Investment Builder - has received master trust authorisation from The Pensions Regulator (TPR).
Announced today (14 May) - the master trust is the first hybrid pension scheme to be given the stamp of approval after it applied last December - three months ahead of the watchdog's initial end of March...
Now authorisation has ended for existing schemes, Kim Kaveh reflects on the process and asks what the future holds for ongoing supervision.
Capita has signed up to the government-backed Star Initiative, taking its total number of participants to 50.
Smart Pension and Australian administrator Link Group have entered a strategic global partnership to take their “combined expertise” into new markets in the UK and globally.
Cost savings of up to 20% could be made by pension schemes if they move to a defined contribution (DC) master trust, according to Hymans Robertson analysis.