Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.
Willis Towers Watson's master trust LifeSight has become the first to apply for authorisation under The Pensions Regulator's (TPR) new regime.
This week's top stories included the High Court ruling that guaranteed minimum pensions must be equalised, and Ford offering partial defined benefit transfers to members.
The Pensions Regulator (TPR) has seconded staff from other national watchdogs as it rolls out the master trust authorisation and supervision regime, Lesley Titcomb has revealed.
The Pensions Regulator (TPR) has confirmed that 30 master trusts have or will exit the market, leaving 58 which will either need to apply for authorisation or exit in the coming months.
Just under half of respondents to this week's Pensions Buzz argued the master trust market would operate more efficiently if there were fewer participants, without damaging competition.
Pensions minister Guy Opperman says the new master trust regulations are vital to protect the pensions saving revolution of auto-enrolment.
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.