master trust

Towers Watson is the latest firm to enter the UK defined contribution (DC) master trust market, with a scheme aimed at large employers.

In the first part of our run down of the top 20 news stories of 2014 we present numbers 11-20.

The National Employment Savings Trust (NEST) is planning to add single-year maturity gilt funds to the ‘building block' funds it uses in its default retirement date funds.

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.