With just three months to go before TPR's master trust authorisation regime launches, the watchdog has outlined further details of its expectations. James Phillips reports
Master trusts with fewer than 2,000 members will be required to hold at least £150,000 of capital under The Pensions Regulator's (TPR) upcoming authorisation regime. The figure is double the £75,000...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests