master trusts
The top 20 opinion articles of 2020
What were some of the most read opinion pieces on Professional Pensions over the last 12 months? We look at some of the top articles from our commentators during the year.
Master trust investments 'more sophisticated' but 'growing pains' hinder progress
Master trusts’ investment strategies have grown and become more sophisticated over the last three years, but “growing pains” are hindering progress, according to the Defined Contribution Investment Forum (DCIF).
Raising the bar for small DC schemes
As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.
Master trusts lead the way in pensions
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to
PPI report flags concerns over financial sustainability of master trusts
The master trust industry is unlikely to breakeven on costs until around 2025, with the big four providers having already spent £1bn on setting up their offerings, research by the Pensions Policy Institute (PPI) finds.
Master trust adoption set to accelerate among FTSE 250 companies
The number of FTSE 250 companies moving to a master trust is set to increase over the next two years, according to research by Willis Towers Watson (WTW).
Floodgates open for DC scheme shift to master trusts as asset commitments top £4bn during lockdown
There will be a “surge” of employers moving defined contribution (DC) occupational trust pension schemes to master trusts as lockdown eases and employees return to work post-furlough, Hymans Robertson says.
Using retirement bolt-ons to improve the member experience
After five years of pension freedoms, occupational schemes are still not offering a full suite of retirement options to members. Sonya Fraser explores the retirement bolt-ons they could offer
One in five contract-based schemes expected to move into a master trust
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
Nine in 10 people save into the largest master trusts
The Pensions Regulator (TPR) has revealed 90% of people are saving into the largest master trusts, creating a “safe and stable” workplace pension market.
Industry agrees DC master trusts have set a good example for other schemes
This week's 88 Pensions Buzz respondents agreed that defined contribution (DC) master trusts have set a good example for other types of DC schemes during the authorisation process.
TPR market update: 16 million members saving into a master trust as authorisation concludes
The master trust market now represents 16 million memberships and holds more than £36bn in assets, The Pensions Regulator’s (TPR) final master trust market update reveals.
All existing master trusts now authorised by TPR as Salvus and FCA receive approval
Salvus Master Trust and the Financial Conduct Authority Pension Plan have been approved by The Pensions Regulator (TPR), concluding the master trust authorisation regime for existing schemes.
Supertrust UK exits master trust market
The trustees and sponsor of Supertrust UK have decided to withdraw the master trust from The Pensions Regulator’s authorisation process and will now wind-up the scheme.
Don't limit DC savers' choice, respondents say
Defined contribution (DC) savers should not have their choices limited when it comes to savings plans and retirement decisions, a majority of this week’s 93 Pensions Buzz respondents say.
B&CE enters consultation over job cuts
B&CE has launched a redundancy consultation with staff as part of a plan to reduce costs and become more efficient.
Member representatives are vital for master trusts, but not as MNTs
Member-nominated trustees may not be feasible for master trusts, but representatives could improve communication with members, says Barry Parr
Five stories you may have missed this week
This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.
Schemes should not divest from fossil fuels, says industry
This week's Pensions Buzz respondents have decidedly rejected former energy and climate change secretary Sir Ed Davey's argument that schemes should divest from fossil fuel intensive companies.
Industry backs 'gentle hand' of TPR supervision
The Pensions Regulator (TPR) is right to introduce new regulatory initiatives for 1,000 schemes as part of its clearer, quicker and tougher approach, this week's Pensions Buzz respondents said.
Choosing between GPPs and master trusts
As more employers go through the re-enrolment process, it may be time to balance the pros and cons of GPPs and master trusts. James Phillips looks at the arguments
TPR reveals plans to reduce 'poorly-run' schemes
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Scottish Widows and Lewis master trusts apply for authorisation as 44 others close
The Scottish Widows Master Trust and the Lewis Workplace Pension Trust have applied for authorisation to continue operating in the master trust market, PP can reveal.
