Four trustees of the Salvus Master Trust have been fined by The Pensions Regulator (TPR) for failing to promptly invest £1.4m of member contributions.
A section 89 regulatory intervention report released by the watchdog today said the master trust's trustees had been fined a total of £5,000 for the issue, which it said ran for 18 months and affected...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.