Every change to the operation of running a master trust requires a total rethink for its schemes. Hope William-Smith looks at how trusts are meeting this challenge.
The Pensions Regulator’s head of master trust authorisation Kim Brown has left the watchdog to join Legal & General Investment Management and run the L&G Mastertrust and its IGC.
Now authorisation has ended for existing schemes, Kim Kaveh reflects on the process and asks what the future holds for ongoing supervision.
The Ascot Lloyd Pension Trust has triggered its exit from the master trust market, becoming one of the 44 which have chosen not to apply for authorisation from The Pensions Regulator (TPR).
The Universities Superannuation Scheme's (USS) defined contribution master trust - USS Investment Builder - has received master trust authorisation from The Pensions Regulator (TPR).
The last of 38 master trusts expected to apply for authorisation have now submitted their applications to The Pensions Regulator (TPR), its latest update reveals.
The Pensions Regulator (TPR) has received all expected applications from existing master trusts. Kim Brown explains what lies ahead for the market.
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.
The regulator has granted extensions to 11 master trusts. Kim Brown explains why this is a positive move.
At least 24 master trusts will close shop as the authorisation regime comes into force, representing a quarter of the market, The Pensions Regulator (TPR) has confirmed.
The master trust authorisation regime will come into force at the beginning of October. TPR's Kim Brown sets out what the watchdog expects to happen next.
The regulator speaks to Kim Kaveh about how its code of practice for authorising master trusts will aid the process.