Xafinity

Professional Pensions spoke to three leading providers asking them why employers should choose a master trust; and how these schemes can improve investment and at-retirement options. This is what they said…

The Pensions Regulator (TPR) has added Xafinity's National Pensions Trust and The Pensions Trust to its list of schemes with master trust assurance.

The intention of the government to increase the scrutiny of master trusts through fresh legislation has been championed by a number of industry players.

Paul Armitage has been made principal consultant at the National Pension Trust, Xafinity's fully flexible defined contribution (DC) master trust.

Just 30% of defined benefit (DB) pension funds have developed an integrated approach to risk management, according to a survey by Xafinity.

Transfer values have fallen to their lowest point for almost a year, according to Xafinity.

The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.

The master trust assurance framework (MAF) should be made compulsory to improve member outcomes according to Xafinity's Ken Anderson.

Xafinity has appointed Sankar Mahalingham from Punter Southall as a senior member of its actuarial and wider management team.

The number of transfer value requests in defined benefit (DB) schemes doubled from January to July this year according to research from Xafinity.