Master trusts will face a new tax registration process aimed at boosting savers' protection and aligning it with the incoming authorisation process.
The move was announced in today's Spring Budget documents and builds on additional protections being put together for master trusts in the upcoming Pension Schemes Bill. It will mean a master trust's...
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.