TPR

Are small schemes diverting from defaults? Naomi Rainey looks at TPR’s figures

Pan Trustees has gained the Audit and Assurance Faculty (AAF) Standard following an independent assessment of its control procedures carried out by Crowe Clark Whitehill.

Friends Life has announced plans to launch a master trust following increased focus on good scheme governance from The Pensions Regulator (TPR) and other industry bodies.

Trustees and pension professionals believe there should be regulatory requirements on schemes to put in place better support for members at retirement, Spence Johnson research finds.

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.

Around two thirds of employers who have auto-enrolled their staff found it "more difficult than they had anticipated", the National Employment Savings Trust (NEST) says.

This week Buzz respondents showed little enthusiasm for a regulatory review.

There was only limited appetite from Buzz contributors for a government review of pensions regulation before 2015.

The vast majority of Buzz respondents are pretty relaxed about trustees agreeing to asset-backed contribution structures (ABCs).

Staging for auto-enrolment (AE) will reach its highest level in the final quarter of 2016 with as many as 215,000 employers due to enrol their staff into a pension scheme, according to The Pensions Regulator (TPR).