master trust authorisation

Some 36% of trustees and pension directors are reconsidering the way they offer pension benefits in light of master trust authorisation, according to LifeSight.

Aviva Master Trust and Creative Pension Trust (CPT) have sent off their master trust authorisation applications to The Pensions Regulator (TPR).

Smart Pension has submitted its master trust authorisation application to The Pensions Regulator (TPR), joining at least 14 other master trusts awaiting response.

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

TPT Retirement Solutions has submitted its master trust authorisation application to The Pensions Regulator (TPR), joining 11 other master trusts who are awaiting a response.

The Pensions and Lifetime Savings Association (PLSA) has revamped the standards for its Pension Quality Mark (PQM) in a bid to raise the quality of single-employer defined contribution schemes.

Just six of the remaining 49 defined contribution master trusts have applied for authorisation to The Pensions Regulator (TPR) since its regime came into force last October.

Jonathan Stapleton says while the new rules will ensure master trusts are well run and have good systems, they won't necessarily ensure members are in the best schemes

The master trust authorisation regime will come into force at the beginning of October. TPR's Kim Brown sets out what the watchdog expects to happen next.

Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.