master trust

This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.

The government's auto-enrolment provider NEST is going tobacco-free across all of its investment portfolios after concluding the asset is a "poor investment" for its eight million members.

The Pensions Regulator (TPR) has launched a pilot to ensure single-employer defined contribution (DC) schemes are meeting their legal obligations and properly governing default arrangements.

Many master trust boards lack diversity, yet the ultimate goal should be to achieve cognitive inclusion to represent a large cohort of DC members, writes Kim Kaveh.

Last month, a roundtable looked at the future of CDC and whether master trusts are well-placed to provide such an arrangement. Kim Kaveh reports

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.

Kim Kaveh asks if trustees should be subject to maximum term limits for a particular scheme, after a PP poll showed mixed views on the matter.

The Pensions Regulator has set how it has used its powers over the first three months of the year in a bid to better protect scheme members.

The Universities Superannuation Scheme's (USS) defined contribution master trust - USS Investment Builder - has received master trust authorisation from The Pensions Regulator (TPR).