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 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).
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.
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.
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.
The Combined Nuclear Pension Plan (CNPP) is the latest master trust to have been granted authorisation by The Pensions Regulator (TPR).
Evolve Pensions has wound up its BlueSky master trust and moved members to its other provider, Crystal, PP can reveal.
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, Scottish Widows Master Trust, Aspire Savings Trust, and the ITB Pension Funds have been authorised by The Pensions Regulator (TPR).
NEST, Aegon Master Trust, Ensign Retirement Plan, Creative Pension Trust and the Baptist Pension Scheme have been authorised by The Pensions Regulator (TPR).
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 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 was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.
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.
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 has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
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.
The £50m Crystal Trust has welcomed 35,000 members from The Open Pension Trust, absorbing £33m of members' assets.
Salvus Master Trust is to launch a member app on both the iOS and Android platforms in a bid to enhance engagement.
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
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.
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
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
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.