master trust
Beyond authorisation: What lies ahead for master trusts?
Now authorisation has ended for existing schemes, Kim Kaveh reflects on the process and asks what the future holds for ongoing supervision.
TPR market update: 16 million members saving into a master trust as authorisation concludes
The master trust market now represents 16 million memberships and holds more than £36bn in assets, The Pensions Regulator’s (TPR) final master trust market update reveals.
Pension master trusts: The list of providers
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...
All existing master trusts now authorised by TPR as Salvus and FCA receive approval
Salvus Master Trust and the Financial Conduct Authority Pension Plan have been approved by The Pensions Regulator (TPR), concluding the master trust authorisation regime for existing schemes.
Supertrust UK exits master trust market
The trustees and sponsor of Supertrust UK have decided to withdraw the master trust from The Pensions Regulator’s authorisation process and will now wind-up the scheme.
Combined Nuclear Pension Plan appoints Redington for DC investment advice
The Combined Nuclear Pension Plan (CNPP) has dropped Hymans Robertson as an investment adviser for its defined contribution (DC) master trust and appointed Redington as a replacement.
Manchester Airport Group members to be transferred to L&G master trust
Manchester Airport Group (MAG) has selected Legal and General (L&G) to run a master trust scheme for its employees after a review of its defined contribution arrangement, PP has learned.
Oxford Uni pension scheme receives master trust approval
The University of Oxford Staff Pension Scheme has received master trust authorisation from The Pensions Regulator (TPR), taking the total number of approved schemes to 34.
B&CE enters consultation over job cuts
B&CE has launched a redundancy consultation with staff as part of a plan to reduce costs and become more efficient.
Five stories you may have missed this week
The top stories this week were Gallagher’s acquisition of AHC, and the publication of the GMP Equalisation Working Group’s methodology guidance.
Cardano completes Now Pensions acquisition
Cardano Group has completed the acquisition of Now Pensions, a week after the master trust received authorisation from The Pensions Regulator (TPR).
Now Pensions and Scottish Widows receive authorisation as TPR approves four master trusts
Now Pensions, Scottish Widows Master Trust, Aspire Savings Trust, and the ITB Pension Funds have been authorised by The Pensions Regulator (TPR).
Master trust update: Salvus hits £200m mark; Atlas and Hargreaves Lansdown join forces
Salvus Master Trust’s funds under management have surpassed the £200m as it continues to wait for authorisation from The Pensions Regulator (TPR).
Five stories you may have missed this week
This week’s top stories included The Pensions Regulator launching a prosecution against the director of a professional trustee firm, and the regulator approving five master trusts.
PMI seeks industry participation in newly-launched Master Trust Working Group workstreams
The Pensions Management Institute's (PMI) Master Trust Working Group is inviting pension experts to participate in four workstreams to tackle barriers to good service delivery and positive member outcomes.
Exclusive: FTSE 350 employer contributions on the rise while executive pensions shrink
Willis Towers Watson has published a report looking at DC trends over the past year. Kim Kaveh looks at the findings.
NEST, Aegon and Ensign given green light as TPR approves five master trusts
NEST, Aegon Master Trust, Ensign Retirement Plan, Creative Pension Trust and the Baptist Pension Scheme have been authorised by The Pensions Regulator (TPR).
Smart Pension and Lewis master trust authorised
Smart Pension and The Lewis Workplace Pension Trust have been authorised by The Pensions Regulator (TPR), taking the total number of approved schemes to 22.
Partner Insight: Monitoring master trust investment performance
2018 was a testing year for master trust investment performance. Michael Ambery looks at how different strategies fared during a difficult 12 months
Partner Insight: Developing a best in class master trust investment approach
The default investment strategy of master trusts is critical to their success. AllianceBernstein’s David Hutchins shares his views of best practice
Partner Insight: An evolving market
Professional Pensions takes a look at how the master trust market is evolving in light of the authorisation regime and asks what the future could hold
The People's Pension, The Cheviot Trust and Atlas Master Trust receive authorisation
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
SEI Master Trust and National Pension Trust receive authorisation
SEI Master Trust and National Pension Trust have been granted authorisation, becoming the 14th and 15th master trusts to be given the stamp of approval by The Pensions Regulator (TPR).
Railways Pension Scheme and Aon DC master trusts receive authorisation
The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).
