master trust

National IFA Lighthouse Group is set to launch a pension trust set up for multiple employers as it steps into the auto-enrolment market.

The number of trust-based defined contribution (DC) scheme members has increased by 14% in the last year from 2.2 million to 2.6 million, The Pensions Regulator (TPR) says.

Goddard Perry's Spinnaker master trust has taken on the defined contribution (DC) sections of five schemes that have transferred to the Pension Protection Fund (PPF).

The ICAEW's assurance framework for master trusts has not been met with widespread praise, to say the least.

The assurance framework for master trusts, being developed by the Institute of Chartered Accountants in England and Wales (ICAEW) and The Pensions Regulator (TPR), is costly and insufficient, providers warn.

Legal & General (L&G) will hold an annual general meeting (AGM) for members of its master trust in 2014.

The Department for Work and Pensions (DWP) has proposed to exempt the largest master trusts from some auditing rules.

The Pensions Regulator (TPR) and the Institute of Chartered Accountants of England and Wales (ICAEW) have published a draft assurance framework to help ensure high standards in master trusts.

Mercer is to launch a master trust through its workplace savings platform, offering access to Aegon, Friends Life and Zurich schemes.

NOW Pensions is preparing to split its trustee and commercial boards in order to improve governance.