master trust

Paul Budgen says many of the smaller providers with less resource and funding will not make it through the costly and time-consuming months ahead

The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.

In this week's Pensions Buzz, we want to know whether you think a contract-based, trust-based or a master trust arrangement would be best for a new defined contribution scheme.

This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.

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.

The Ensign Retirement Plan has reduced its annual management charges and introduced an income drawdown facility, in a bid to better prepare members for retirement.

This week's top stores included news that Nortel Network's UK defined benefit scheme will exit Pension Protection Fund assessment with £550m from insolvency proceeds to use to boost members' benefits.

The Pensions Regulator (TPR) has published for consultation its draft code of practice for authorising and supervising master trusts.

While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.

The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.