Pensions minister Steve Webb has made no secret of the fact he wants to deregulate private sector pension provision to shake up risk sharing and reinvigorate workplace savings.
Talk of a DC-Plus model (not quite defined benefit, not quite defined contribution) abound. Yet one route open – to boost the take up of collective defined contribution schemes – has all but been shut...
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.