The risk profiles of many default defined contribution (DC) master trusts need an overhaul as they are mishandling risk, according to Hymans Robertson.
Research by the consultancy firm analysed the fund investment performance of the top 15 master trust providers accounting for 94% of the market until 30 June. It found the strategies that have embraced...
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.