Some 36% of trustees and pension directors are reconsidering the way they offer pension benefits in light of master trust authorisation, according to LifeSight.
Mercer Master Trust has sent off its authorisation application to The Pensions Regulator (TPR) taking the total number of submissions received and awaiting response to 12.
Willis Towers Watson's LifeSight is the first master trust to be granted authorisation by The Pensions Regulator (TPR).
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
Willis Towers Watson's master trust LifeSight has become the first to apply for authorisation under The Pensions Regulator's (TPR) new regime.
Blackrock has launched a strategic growth fund for defined benefit (DB) and defined contribution (DC) schemes which aims to achieve long-term growth with two-thirds the volatility of equities.
Willis Towers Watson's LifeSight is the first defined contribution (DC) master trust to allocate around half of equity investments in the default fund to environmental, social and governance (ESG) strategies.
The number of businesses expecting to have a master trust as their main defined contribution (DC) pension scheme is expected to double over the next three years to 26%, a LifeSight survey reveals.
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.