All master trusts articles – Page 16
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OpinionIs the CDC era about to begin?
One of the more interesting developments at this year’s political conferences was Labour’s conversion to the cause of collective defined contribution schemes.
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Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
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OpinionShould your DC scheme move to a mastertrust?
It is no secret that mastertrusts have been steadily increasing in popularity over the past few years, but are they the right solution for your scheme?
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Features
Wholesale changes to rules are needed to enable DB consolidation
Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.
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Features
How will regulation need to change to be fit for the 21st century?
Pensions Expert 20th Anniversary: When the world’s first funded occupational pension plan appeared towards the end of the 16th century in the form of a large iron chest, its success was short-lived.
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OpinionDon't end default at AE
Editorial: Another prominent industry figure has advocated introducing a default option at retirement this week, after last week’s informed comment piece was written with the same in mind.
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Features
Mastertrusts and platforms: A match made in heaven?
Analysis: Greater efficiency and the ability to access a broader range of investments are some of the reasons why mastertrusts appoint third party investment platforms, but as with all providers, monitoring is key, experts say.
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FeaturesBayer latest scheme to move to mastertrust
Pharmaceutical company Bayer has closed the defined contribution section of its pension plan and transferred members to a mastertrust, a move experts say has become increasingly common in recent years.
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OpinionPractical steps for improving DC savings
These are difficult times for pension savers. The long-term transition away from defined benefit, combined with low wage growth, increased life expectancy and lukewarm market outlooks, means many will find it challenging to achieve the kind of retirement they desire.
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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Features
FKI scheme winds up and moves members to mastertrust
Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
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Opinion
Mastertrusts have the next milestone in sight
Mastertrusts are on their way to becoming a dominant force in the UK pensions system, having woven themselves into the fabric of workplace defined contribution provision.
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.
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OpinionIs it time to reframe the mastertrust debate?
From the blog: Mastertrust performance has come under increased scrutiny in recent months. Largely, this analysis has centred on the returns generated by trusts’ generic default funds.
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News
Keep it simple when exploring new strategies
PLSA Investment Conference 2017: While smart beta has been labelled a cost-effective option for schemes looking for higher returns than a market cap index, trustees turning to these types of strategy have been advised to keep things simple while focusing on governance and costs.
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OpinionHow will lifting the restrictions on Nest impact the mastertrust market?
During the past 10 years, the mastertrust market has been more than just a little irrational. Despite mastertrusts being as effective a defined contribution solution then as they are now, between 2007 and 2012, just a handful of commercial mastertrusts were actively marketed in the UK.
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News
Cracks show over member involvement as MPs debate mastertrusts
As the pension schemes bill on tougher mastertrust regulation is passing through parliament, some have called for making member involvement in mastertrust governance mandatory, but it is feasible?
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NewsGovernment urged to pick up the pieces of failing mastertrusts
The mastertrust legislation horse is being put before the cart now that the pension schemes bill has reached the House of Commons, as the debate is shifting to who will be the 'funder of last resort'.
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OpinionMastertrust regulation: The devil will be in the detail
From the blog: No one wants to be reading stories about pension scheme members suffering financial loss as a result of being enrolled into poorly managed mastertrusts. The new regulations for mastertrusts are therefore to be welcomed.