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
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
The Pensions Regulator (TPR) has revealed 90% of people are saving into the largest master trusts, creating a “safe and stable” workplace pension market.
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.
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.
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.
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.
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 has launched a redundancy consultation with staff as part of a plan to reduce costs and become more efficient.
Member-nominated trustees may not be feasible for master trusts, but representatives could improve communication with members, says Barry Parr
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.
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.
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.
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
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
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.
One third of schemes have calculated transfer values for guaranteed minimum pension (GMP) equalisation, according to last week's Pensions Buzz respondents.
In the latest in a series of DC columns from Newton Investment Management, Jin Philips considers what we can expect in the next stage of master trusts' development
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
The default charge cap for defined contribution (DC) investment strategies should not be amended to make it easier to access illiquid assets, a majority of last week's 91 respondents said.
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.