The Combined Nuclear Pension Plan (CNPP) is the latest master trust to have been granted authorisation by The Pensions Regulator (TPR).
Announced today (22 October), the approval was for the provider's defined contribution section, which is open to new employees who join the plan. CNPP - which was set up in 2006 - also has a defined benefit section which is closed to new employees.
The approval means there are just four master trusts awaiting their fate from the watchdog, out of the total 39 which applied for authorisation either by the end of March deadline, or up to six weeks after if they were granted an extension.
It comes two weeks after the last authorisation, which saw the University of Oxford Staff Pension Scheme given the green light to continue operating in the market.
Master trusts which are still awaiting approval include Salvus Master Trust and SuperTrust UK.
Other recent approvals include Now Pensions, Scottish Widows, NEST, Aegon Master Trust, and Ensign Retirement Plan, whose authorisations were all announced throughout last month.
TPR announced BCF and Carey's approval on 1 October, exactly one year after the start of the authorisation regime.
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