master trust

BESTrustees has appointed Mercer's Rachel Brougham as a trustee executive to meet increasing demand from master trusts and insurers setting up independent governance committees (IGCs).

The Pensions Regulator (TPR) has revealed plans to publish a list of approved auto-enrolment vehicles to help the smallest employers find a scheme.

Origo has cut the time taken to switch pensions using its Options Transfers service to 45 minutes.

Louise Fulford has been appointed head of administration by Now Pensions.

The government has published draft regulations to introduce minimum governance standards for workplace pensions and a 0.75% charge cap on default funds.

Master trust providers have called on The Pensions Regulator (TPR) to overhaul its general levy - claiming the way it is calculated is unfair and undermines schemes for lower-paid workers.

Legal & General (L&G) master trust held an annual general meeting (AGM) on 10 September, in what is believed to be a first for the sector.

Ladbrokes has begun a consultation into closing its defined benefit (DB) pension scheme to future accrual.

Now Pensions head of legal Fiona Kelley has left the business "to pursue other opportunities", a spokeswoman has confirmed.

Now Pensions anticipates that "the vast majority" of its members will choose to take cash at retirement following the flexibilities introduced in the Budget 2014.