Most schemes are unsure if target date funds are suitable for the UK pensions market, research by Clear Path Analysis shows.
The research - which surveyed more than 50 of the UK's largest pension schemes - revealed 64% felt unsure target date funds were suitable for the UK. However, 72% of respondents said they would not...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.