Supertrust UK exits master trust market

clock • 1 min read

The trustees and sponsor of Supertrust UK have decided to withdraw the master trust from The Pensions Regulator’s authorisation process and will now wind-up the scheme.

In a statement, the trustees said the decision to exit the market followed discussions with the regulator. The scheme added that developments beyond its control had raised issues it was unable t...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

People's Pension reaches record £25bn AUM

People's Pension reaches record £25bn AUM

Not-for-profit provider becomes UK’s first independent master trust to reach milestone

Jasmine Urquhart
clock 16 February 2024 • 1 min read
Government urged to end 'short-term' approach towards pensions policy

Government urged to end 'short-term' approach towards pensions policy

Lang Cat and People’s Partnership call for introduction of long-term savings commission

Martin Richmond
clock 13 February 2024 • 4 min read
Retirement planning easier for couples, survey says

Retirement planning easier for couples, survey says

Phoenix finds more 45–54-year-olds in a couple are regularly saving for retirement than single people

Jasmine Urquhart
clock 12 February 2024 • 2 min read
Trustpilot