master trust
TPR's use of frontline powers jumps by 32%, but four targets missed
The Pensions Regulator (TPR) increased its use of frontline powers by 32% over the last year, it confirmed in its annual report and accounts.
Employers say master trusts are best pension for employees
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Average FTSE 100 employer DC contributions reach highest rate of 7.1%
FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
Five stories you may have missed this week
This week's top stories were the seven-year ban a company director received for pension negligence, and the launch of the Pensions Administration Standards Association's defined benefit transfer guidance.
Mercer receives master trust authorisation
The Mercer Master Trust has become the 11th to receive authorisation from The Pensions Regulator (TPR), following its application submission in February.
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...
TPT, Standard Life and Fidelity receive master trust authorisation
Four more master trusts have received master trust authorisation from The Pensions Regulator (TPR), taking the total number of authorised schemes to 10.
Aviva launches ESG-focused DC default strategy
Aviva has launched a defined contribution (DC) default investment strategy for its workplace pension clients, incorporating ethical and ESG considerations.
Frank Field writes to TPR chief executive over USS valuation dealings
Work and Pensions Committee (WPC) chairman Frank Field has written to The Pensions Regulator (TPR) over its influence on the Universities Superannuation Scheme's (USS) 2017 valuation.
Now Pensions chief executive steps down with immediate effect
Now Pensions chief executive (CEO) Troy Clutterbuck has stepped down from the role with immediate effect.
Master trusts must embrace greater diversity of trustees
Improved diversity on master trust boards can enable greater understanding of wider socioeconomic circumstances, argues James Phillips.
Five stories you may have missed this week
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
NEST to completely divest from tobacco as 'compelling' performance evidence found
The government's auto-enrolment provider NEST is going tobacco-free across all of its investment portfolios after concluding the asset is a "poor investment" for its eight million members.
TPR launches pilot to boost single-employer DC trust oversight
The Pensions Regulator (TPR) has launched a pilot to ensure single-employer defined contribution (DC) schemes are meeting their legal obligations and properly governing default arrangements.
How diverse are trustee boards at master trusts?
Many master trust boards lack diversity, yet the ultimate goal should be to achieve cognitive inclusion to represent a large cohort of DC members, writes Kim Kaveh.
Should master trusts adopt CDC?
Last month, a roundtable looked at the future of CDC and whether master trusts are well-placed to provide such an arrangement. Kim Kaveh reports
Ascot Lloyd triggers master trust market exit
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).
Exclusive: Smart Pension to consolidate Corpad 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.
Should trustees be subject to maximum term limits?
Kim Kaveh asks if trustees should be subject to maximum term limits for a particular scheme, after a PP poll showed mixed views on the matter.
TPR takes action against employer prioritising dividends and reveals 15% increase in use of AE powers
The Pensions Regulator has set how it has used its powers over the first three months of the year in a bid to better protect scheme members.
USS receives master trust authorisation as BCF Pension Trust applies
The Universities Superannuation Scheme's (USS) defined contribution master trust - USS Investment Builder - has received master trust authorisation from The Pensions Regulator (TPR).
'Casualties expected' as final master trusts apply for authorisation
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.
TPR: Tough master trust supervisory regime will follow authorisation
The Pensions Regulator (TPR) has received all expected applications from existing master trusts. Kim Brown explains what lies ahead for the market.
Now Pensions and SuperTrust submit master trust authorisation applications
Now Pensions and SuperTrust UK Master Trust have submitted their authorisation applications to The Pensions Regulator (TPR) as the six-week extension period expires.
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