All master trusts articles – Page 17
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OpinionDogs that bark… bite
Editorial: A total of £5,000 might not be an awful lot for companies, but if it means their reputation suffers, it could lead to much greater losses.
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News
TPR bares its teeth with first mastertrust fines
The Pensions Regulator has imposed its first fines against mastertrusts for failing to complete a chair’s statement, as it signals a hard approach to dealing with defined contribution administration lapses.
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OpinionTougher mastertrust regulation is the cornerstone of secure DC provision
In October last year we welcomed the government’s Pension Schemes Bill, which will give us tough new powers to regulate mastertrust schemes.
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News
Push for simpler DC bulk transfers receives industry approval
Experts have welcomed a consultation on transferring members between defined contribution schemes without their consent, launched to simplify the process and help achieve scale in the DC sector.
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News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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OpinionThe interview: Lesley Titcomb, chief executive of TPR
In an interview with Pensions Expert, chief executive of the Pensions Regulator Lesley Titcomb gives her views on why the regulator needs greater powers, where scheme consolidation makes most sense, and why the debate around defined benefit should not be had in isolation.
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OpinionBringing pension schemes together
Editorial: The efforts made to outdo each other with yet another game, more champagne or an enormous plastic animal at the stand have reached a new level at the Pensions and Lifetime Savings Association’s Annual Conference this year.
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News
Pensions bill boosts mastertrust governance
Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.
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NewsPensions minister outlines plans, warns of AE challenges
Pensions minister Richard Harrington laid out his intentions for the pensions industry today, speaking at the Pensions and Lifetime Savings Association’s annual conference in Liverpool.
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News
More calls for education as lump sum figures raise questions
Pensions education and default funds must be improved to ensure the success of auto-enrolment, experts have said, as findings raise questions about the risks members are taking.
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OpinionWhat to look for in a mastertrust
From the blog: It’s an important time for retirement savings. The introduction of freedom and choice has brought with it references to a ‘brave new world’ for pensions and the ‘biggest pensions shake-up for a generation’.
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OpinionWhat to expect from the forthcoming pensions bill
Since the Pensions Act 2004 there have been six acts of parliament dealing with pensions policy – and this does not include the various finance acts that have changed the pensions tax regime.
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Features
Norcros moves to mastertrust in bid to improve governance
Bathroom and kitchen products company Norcros is transferring its money purchase section to a mastertrust arrangement to provide "more focused governance" and greater flexibility.
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News
Regulator's annual statement omits Brexit implications
The Pension Regulator’s 2015-2016 annual statement has pinpointed the main changes and risks the UK pension industry faces, but has not taken into account recent economic turmoil and its effect on the pensions landscape, industry experts have said.
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News
Lord Willetts: More progress is needed for adequate DC provision
Pension providers must build on the success of auto-enrolment and embrace technological solutions if they want to tackle declining rates of saving among the ‘DC generation’, Lord Willetts said at a conference this week.
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OpinionIs this the mastertrust’s time?
For years, the trust-based approach was the weapon of choice for consultants and actuaries advising employers and trustees on the move from defined benefit to defined contribution.
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OpinionWhat will the pension freedoms mean for you this year?
With nearly 1m people turning 55 in 2016, it is more important than ever that people understand the new pension freedoms and plan ahead for a comfortable retirement.
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News
Queen's speech promises mastertrust regulation
Long-anticipated mastertrust legislation was announced in the Queen's speech this week, providing protection for consumers and increased powers for the Pensions Regulator, but details are still sparse.
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OpinionPutting the ‘trust’ in mastertrusts
From the blog: Like the proverbial three bears, regulators face criticism if they deviate from carefully calibrated positions. Too ‘hot’ and undue costs could be placed on industry. Too ‘cold’ and consumers' protection can suffer.
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OpinionOur priorities and approach – an update from the Pensions Regulator
Our recently published corporate plan identifies 10 priorities for the period up to 2019. It outlines how we will retain a flexible approach, allowing us to adapt to a changing pensions landscape and help ensure savers receive the retirement income they expect.