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The law relating to master trust authorisation comes into full effect from 1 October 2018. All DC master trusts must apply for authorisation by 1 April 2019, or wind up. In order to be authorised by the Pensions Regulator (TPR), master...
Background TPR is consulting on its draft master trust supervision and enforcement policy, which sets out its approach to regulating master trust pension schemes. In this response General comments Supervision Enforcement General comments...
Background The DWP is seeking views on the draft regulations that will fully commence the new authorisation and supervisory regime for Master Trust schemes under the provisions of the Pension Schemes Act 2017 (“the 2017 Act”). In this...
Introduction The Pensions Schemes Bill 2017 (“the Bill”) received Royal Assent on 27 April 2017 and is now the Pension Schemes Act 2017 (“the Act”). The Act’s primary aim is to provide for the greater regulation of master trusts....
Master trusts offer a solution for employers who want the benefits of a trust-based scheme without the cost and time of setting up and running their own arrangement. Whilst there are clear advantages to providing DC on a larger scale,...
Introduction The Pension Schemes Bill 2016-17 (“the Bill”) was published on 20 October 2016, receiving its first reading in the House of Lords the previous day. The primary aims of the Bill are to provide for the greater regulation of...
Introduction Following a consultation in 2013 (please see our Alert), on 1 May 2014 TPR published a master trust assurance framework which aims to enable trustees of master trusts to demonstrate to employers that their scheme is managed...
