What is the future for Commercial Master Trusts?

Regulations are forever evolving and this continuing shift of the pensions landscape has an impact on the organisations running commercial Master Trusts . When you take into account the proposed ‘noose’ of a 50bps charge cap, the question has to be asked “What is the...

Raising the standard of master trusts

Master trusts need to have control procedures in place to ensure that governance and administration arrangements work properly. In May 2016, the Work and Pensions Select Committee described master trusts as a “good fit” with auto-enrollment because they provide the...

What is a Master Trust?

The Pension Schemes 2017 Act introduces a formal definition of a ‘master trust’. Master trusts were greeted with mixed emotion into the pensions club five years ago but are now the backbone of defined contribution (DC) scheme provision. As of today, a master trust is...

75bps: Should the charge cap remain?

The Government’s introduction of workplace pensions to the market was intended not only to solve the issue of fewer companies offering lifelong pension schemes, but to tackle the troubling lack of saving habits among younger savers and those who move jobs regularly....