Five stories you may have missed this week
This week’s top stories include SuperTrust UK’s exit from the master trust market, just one day before The Pensions Regulator announced all existing master trusts had been authorised.
1. SuperTrust UK exits master trust market
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.
2. All existing master trusts now authorised by TPR as Salvus and FCA receive approval
Salvus Master Trust and the Financial Conduct Authority Pension Plan have been approved by The Pensions Regulator, concluding the master trust authorisation regime for existing schemes.
3. Data quality is pensions dashboard's 'weakest link'
The quality and availability of data is the "weakest link" for the pensions dashboard, according to the Society of Pension Professionals.
4. Pension tax concerns 'distracting' from crucial industry issues
Major industry concerns such as GMP equalisation are being left on the back burner as employers continue to grapple with the complexities of pensions tax, the Association of Consulting Actuaries says.
5.PPF reassures Mothercare pension scheme members
Members of the Mothercare pensions scheme can "be assured" that their savings will be protected after the collapse of the merchandiser's UK business, says the Pension Protection Fund.
More on Industry
Interest rates held ahead of general election
The Bank of England’s monetary policy committee (MPC) has voted by a majority of 7-2 to maintain the interest rate at 0.75%.
RPMI Railpen boosts property investment with duo of development deals
RPMI Railpen will develop a newly purchased site with a speculative warehouse and logistics scheme in a bid to boost its property portfolio.
Scottish Friendly completes Canada Life pension book acquisition
Mutual Scottish Friendly has completed the acquisition of a back book of life and pension policies from financial services provider Canada Life.
Combined Nuclear Pension Plan appoints Aon for DB investment advice
The Combined Nuclear Pension Plan (CNPP) has appointed Aon Hewitt as an investment adviser for its defined benefit (DB) section, replacing Hymans Robertson.
Have your say: Have DC master trusts set a good example for other schemes?
In this week’s Pensions Buzz we want to know if you think defined contribution (DC) master trusts have set a good example for other types of DC schemes during the authorisation process.
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