master trust

Janice Turner looks at a recent Parliamentary debate on the role of member nominated trustees in master trusts.

The Pension Schemes Bill should provide for a shortened authorisation process for schemes which have achieved the Master Trust Assurance Framework (MAF), Smart Pension has said.

Solid governance is the most important attribute employers look for when they select a master trust, Aon Hewitt research finds.

Aon has strengthened its defined contribution (DC) product team with two senior hires.

Scottish Widows has invested a further £30m in a major workplace savings programme to improve products and services for its corporate pension clients.

Catherine Howarth says schemes need to explore different avenues to help members take ownership of retirement saving.

John St. Hill has been made deputy chief investment officer (CIO) in a newly created role at the National Employment Savings Trust (NEST).

Planned regulations for master trusts may now include a requirement for the Department for Work and Pensions (DWP) to introduce a "funder of last resort".

Now Pensions has appointed Neil Buckley as chief operating officer and Capita's Neil Brady as operations director in its Nottingham office.

Capital adequacy for master trusts should be set at a minimum of £2m to ensure a robust and innovative market according to Now Pensions.