NEST, Aegon Master Trust, Ensign Retirement Plan, Creative Pension Trust and the Baptist Pension Scheme have been authorised by The Pensions Regulator (TPR).
The five master trusts' approvals were announced today (10 September), taking the total number of authorised schemes to 27. Government-backed master trust NEST - which has over eight million members...
As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to