Articles - TPR welcomes new powers to protect savers in master trusts


Andrew Warwick-Thompson, Executive Director for Regulatory Policy at The Pensions Regulator welcomes the Pension Schemes Bill. The Pensions Regulator (TPR) today welcomed the Government’s Pension Schemes Bill which will give it tough new powers to regulate master trust schemes.For the first time, TPR will have the power to authorise and de-authorise master trusts according to strict authorisation criteria. TPR views authorised master trusts as the lynchpin of the development of a sustainable and safe occupational DC schemes’ market. Andrew Warwick-Thompson, Executive Director for Regulatory Policy at TPR, said: “We have long called for much stricter controls on master trust schemes and voiced our concerns over the current very low barrie

 

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