Authorisation regime

The HSBC Master Trust has become the first new master trust to be authorised by The Pensions Regulator (TPR), after having applied after the regime kicked off.

Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.

The Pension Regulator's (TPR) Determinations Panel has appointed five members as it prepares to rule on master trust authorisation applications

In this week's Pensions Buzz we asked if, following the announcement that Smart Pension and Legal and General are developing the first default retirement pathway combining annuities and drawdown, other providers should follow suit.