Salvus Master Trust
Cushon launches its first net-zero pension
Fintech workplace savings business Cushon has launched a net-zero pension available now to savers who want to “actively contribute towards slowing climate change”.
Salvus Master Trust launches pension sharing order product
Salvus Master Trust has launched a product that will accept cash equivalent transfer values (CETVs) from a final salary scheme granted as part of a Pension Sharing Order (PSO).
Five stories you may have missed this week
This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.
TPR fines FCA over non-compliant pension scheme
The Pensions Regulator (TPR) has issued a £2,000 fine to the Financial Conduct Authority’s (FCA) Pension Plan due to a non-compliant chair’s statement.
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.
Combined Nuclear Pension Plan authorised by TPR leaving four waiting for approval
The Combined Nuclear Pension Plan (CNPP) is the latest master trust to have been granted authorisation by The Pensions Regulator (TPR).
Exclusive: Evolve Pensions consolidates its two master trusts as BlueSky winds up
Evolve Pensions has wound up its BlueSky master trust and moved members to its other provider, Crystal, PP can reveal.
BCF and Carey master trusts granted authorisation as regime hits one-year mark
The Carey Workplace Pension Trust and BCF Pension Trust have been granted authorisation, leaving just six master trusts waiting for approval from The Pensions Regulator (TPR).
Now Pensions and Scottish Widows receive authorisation as TPR approves four master trusts
Now Pensions, Scottish Widows Master Trust, Aspire Savings Trust, and the ITB Pension Funds have been authorised by The Pensions Regulator (TPR).
NEST, Aegon and Ensign given green light as TPR approves five master trusts
NEST, Aegon Master Trust, Ensign Retirement Plan, Creative Pension Trust and the Baptist Pension Scheme have been authorised by The Pensions Regulator (TPR).
Salvus launches mobile app for members
The Salvus Master Trust has launched a mobile app for members after employers revealed they wanted their members to have more access to online tools.
Salvus and Aspire Savings Trust apply for master trust authorisation
Salvus Master Trust and the Aspire Savings Trust have submitted their master trust authorisation applications to The Pensions Regulator, after being granted extensions of up to six weeks.
Workers Pension Trust applies for authorisation as five confirm application status
Workers Pension Trust was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.
Standard Life submits two master trust applications to TPR
Standard Life has submitted authorisation applications for both of its master trusts to The Pensions Regulator (TPR), with just over seven weeks to go until the deadline.
Two more master trusts apply for authorisation ahead of March deadline
Just eight master trusts have so far applied to The Pensions Regulator (TPR) for authorisation with just two months left until the deadline.
Smart Pension absorbs £12.5m Corporate Pensions Trust; Will apply for authorisation 'imminently'
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
Three more master trusts apply for authorisation; L&G confirms submission
Just six of the remaining 49 defined contribution master trusts have applied for authorisation to The Pensions Regulator (TPR) since its regime came into force last October.
Exclusive: Crystal Trust consolidates The Open Pension Trust; applies for authorisation
The £50m Crystal Trust has welcomed 35,000 members from The Open Pension Trust, absorbing £33m of members' assets.
Salvus to launch member app
Salvus Master Trust is to launch a member app on both the iOS and Android platforms in a bid to enhance engagement.
Majority of master trusts support collaboration to overcome delivery barriers
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
Five stories you may have missed this week
This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.
Steve Goddard: Why the 'dartboard drawdown' option must be removed
Savers face a huge number of options at-retirement. Steve Goddard believes this 'dartboard of choice' should be take away and an additional layer of trustee governance is needed to protect members in the deculmulation phase
Salvus consolidates £7m Complete Master Trust
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Salvus targets DC buyout and legacy member transfers with master trust launch
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
