Consolidation

Coventry Building Society has transferred its £220m defined benefit (DB) scheme to TPT Retirement Solutions' DB master trust.

Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.

Scheme members are not equipped to deal with the tax implications of accessing their pension, last week's Pensions Buzz respondents said.

The Pensions and Lifetime Savings Association's (PLSA) policy board has agreed a four-year plan focusing on consolidation, adequate contributions, effective management and well-run schemes.

Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.

The default charge cap for defined contribution (DC) investment strategies should not be amended to make it easier to access illiquid assets, a majority of last week's 91 respondents said.

As the consultation on defined benefit (DB) consolidation closes this week, PIC's Jay Shah sets out his concerns about the superfund model

Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.

Jonathan Stapleton speaks to TPR's David Fairs about the organisation's plans for the year ahead, its work around consolidation and the rationale behind one-to-one supervision

This week's Pensions Buzz respondents were almost equally split on whether The Pensions Regulator (TPR) needed a fresh strategy as its chief executive changes.