The Mercer Master Trust has become the 11th to receive authorisation from The Pensions Regulator (TPR), following its application submission in February.
The master trust was given the green light on 5 July after successfully meeting the application requirements and proving its "strong governance capability". Master trust chairman Alan Pickering said:...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter