master trusts

At least 24 master trusts will close shop as the authorisation regime comes into force, representing a quarter of the market, The Pensions Regulator (TPR) has confirmed.

Initial responses to The Pensions Regulator's (TPR) consultation on how master trusts will be supervised says it lacks detail on some of its policy proposals, including pause orders.

This week's top stories included a landmark ruling by The Pensions Ombudsman that a local policy authority scheme should pay benefits in full to a scam victim after it failed to provide adequate anti-scam literature to the member.

The Pensions Regulator (TPR) has warned schemes that making future changes to benefits or structures could cause them to become subject to its master trust regime.

The Pensions Regulator (TPR) has said it was unaware of six schemes that meet the legal definition of 'master trust' ahead of the start of the authorisation regime.

A draft policy on how authorised master trusts will be supervised and enforced has been outlined in a consultation published by The Pensions Regulator (TPR).

An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.

With just three months to go before TPR's master trust authorisation regime launches, the watchdog has outlined further details of its expectations. James Phillips reports

Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.

In this week's Pensions Buzz, we want to know whether you agree with MPs that enhanced powers for The Pensions Regulator (TPR) will only be effective if there is also a cultural change at the watchdog.