Master trust authorisation is ensuring high standards in this growing market to better protect the nearly 14 million people saving into these schemes.
Making workplace pensions work is at the heart of what we do, but it’s also the job of those who fund and manage pension schemes.Continue reading
As we approach the 31 March deadline for master trust authorisation applications, we are encouraged that many more providers have applied.
Do you know when a pension scheme can invest in its sponsoring employer or a linked business?Continue reading
Some things are foreseeable. As automatic enrolment has created hundreds of thousands of new pension memberships, so the defined contribution (DC) market was inevitably going to grow.Continue reading
A few years ago we started to stamp our feet about master trusts. As automatic enrolment successfully swept through businesses and more and more people were being put into workplace pensions, master trust schemes grew in popularity.
Here at TPR, when we are regulating DB schemes, we have to pull off a complicated balancing act. Parliament has given us a mandate to protect pension savers and the PPF.
In assessing the events of 2017/18, I’m reminded not just of the work of industry and TPR colleagues but of the excellence and the dedication my colleagues at the Pension Protection Fund (PPF) provide.
For several months now, we have talked about our commitment to change as a regulator – to be clearer, quicker and tougher.