All master trusts articles – Page 15
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OpinionStranded in a failed mastertrust
From the blog: A by-product of the introduction of auto-enrolment has been the establishment of nearly 90 mastertrusts, many set up with a commercial objective. A few of the larger schemes have started to move to profit, but with a 0.75 per cent charge cap most still rely on their sponsors to make good shortfalls in expenses.
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OpinionSelf-driving pensions are worth our consideration
My 17-year-old daughter is writing an essay on whether human rights should be extended to robots – not as ridiculous a question as it may first appear.
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OpinionCarillion's post-mortem
It is not unusual for Work and Pensions Committee chair Frank Field to show off an impressive vocabulary when launching a salvo against political and personal foes. But even by his standards, the imagery used to put to bed the failed outsourcer Carillion has taken a turn for the macabre.
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News
TPR plan welcomed, but concerns remain over consistency
The industry has welcomed the Pensions Regulator's new corporate plan, which outlines how it plans to become “clearer, quicker and tougher”, but concerns remain over consistency and the watchdog's focus on smaller schemes.
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OpinionExpect as few as 15 mastertrusts within five years
The consensus in the pensions industry is that the mastertrust market is about to start shrinking – how quickly and to what extent is open to debate, but in the long run this can only be good for members.
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News
Salvus snaps up Complete in £7m mastertrust consolidation deal
Salvus Master Trust has unveiled plans to acquire the members and assets of the £7m Complete Master Trust, as the sector’s consolidation drive begins to gather pace.
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News
The People's Pension absorbs Your Workplace Pension
The People's Pension has become the first mastertrust to publicise the acquisition of another mastertrust, as a new regime – under which mastertrusts must be authorised by the Pensions Regulator – is set to lead to further market consolidation this year.
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News
TPR raises bar with mastertrust code of practice
A new authorisation code requiring mastertrusts to demonstrate their financial sustainability may force a number of providers from the market, experts have speculated.
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News
Government lowers mastertrust authorisation fees
The government has announced that proposed fees for mastertrust schemes seeking authorisation have been revised downwards.
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OpinionFinancial and social returns can be easy bedfellows – if the will is there
Social investment is not new, it has a long and proud history. However, it is far from common in pension schemes.
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News
DWP to allow bulk DC transfers without member consent
The Department for Work and Pensions has pressed ahead with regulations easing the bulk transfer of defined contribution members without their consent, seen as a milestone in a drive for scheme consolidation.
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News
Dow Chemical opts for multi-country DC provision
Multinational Dow Chemical is moving its defined contribution plans in the UK and the Netherlands to an international DC solution.
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News
Nest amendments put before parliament
The government has responded to its consultation on the draft National Employment Savings Trust (Amendment) Order 2018, and laid it before parliament on Monday.
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OpinionThe year ahead for the Pensions Regulator
2017 was a significant year for the Pensions Regulator and the pensions sector, and we do not expect the pace to slow. In the coming months we will publish our annual corporate plan and budget for 2018-19. For now, here are our focus areas for the year ahead.
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News
Freedoms still have industry in their grip: Top DC stories from 2017
Year in review: The sea change policy of freedom and choice brought in more than two years ago continues to dominate in the defined contribution world.
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OpinionSupporting consumers and the industry
Following years of reform and bold new policy it is right that we now enter a period of stability and implementation, building on our success and consolidating support for consumers and the industry where it is needed.
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Opinion
DC Debate Q4: Mastertrusts, AE and more
Six defined contribution specialists talk mastertrusts, compulsion, and what lessons can be learnt from DC systems around the world.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.
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OpinionMastertrust consolidation – at what cost?
There is currently a great deal of emphasis on the consolidation of mastertrusts in the market. Perhaps there has not been enough on how this can be achieved in an orderly way, leading to a positive outcome for all.