The Options Workplace Pension Trust (OWPT) is set to see its assets transfer to the Smart Pension Master Trust, following a deal with the scheme owner STM Group.
The newly signed commercial agreement means up to £545m in assets will be moved in a bulk transfer exercise, subject to approval from The Pensions Regulator, with more than 300,000 members set to b...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders