crystal trust

Punter Southall Aspire has announced it is withdrawing from the master trust market.

The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).

Workers Pension Trust was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.

Evolve Pensions' Crystal Trust has absorbed the 2,500-member Moore Stephens Pensions Master Trust following the merger between Moore Stephens and accountancy business BDO in February.

The Aon Master Trust has sent its authorisation application to The Pensions Regulator (TPR), with just two weeks to go until the deadline.

Mercer Master Trust has sent off its authorisation application to The Pensions Regulator (TPR) taking the total number of submissions received and awaiting response to 12.

Aegon's acquisition of Blackrock's defined contribution (DC) business has "significantly improved" its market position leading to a "strong pipeline for potential contract wins", the provider has said.

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.