The master trust is leading the way on DC investment, getting into illiquid assets and challenging asset managers to do more. CIO Mark Fawcett tells Stephanie Baxter about its evolution
NEST has been on quite a journey since it was first set up by government in 2011 to facilitate auto-enrolment. Servicing seven million members, it is now the UK's biggest defined contribution (DC) scheme...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.