Deal gives Smart additional £750m of assets and some 128,000 additional members
Four more master trusts have received master trust authorisation from The Pensions Regulator (TPR), taking the total number of authorised schemes to 10.
The Ascot Lloyd Pension Trust has triggered its exit from the master trust market, becoming one of the 44 which have chosen not to apply for authorisation from The Pensions Regulator (TPR).
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.