Pensions - Articles - Expected casualties from the 38 submissions for master trust


tPR has announced that 38 applications submitted for master trust authorisation as extension period closes. Mark Futcher, Partner at Barnett Waddingham, thinks there may be a number of causalities from this list.

 Mark Futcher, Partner and Head of DC at Barnett Waddingham, said; “The most interesting aspect of the authorisation process will be those Master Trusts that do not receive authorisation. We would expect a number of casualties from this list of 38; the industry knows there are still some poorly run Master Trusts out there – some still have historic errors to rectify.

 “On an ongoing basis, we would expect the bar to rise which would mean some Master Trusts winding up in the future. As assets and memberships grow, the successful Master Trusts can start to really differentiate themselves to ensure that members are better protected and benefit from better outcomes.”
  

Back to Index


Similar News to this Story

New tools allow pension schemes to deliver greater value
New tools helping pension schemes deliver greater value for money for millions of savers have been launched today (21 May) by the Cost Transparency In
Accounting standards change to hit FTSE pension schemes
Incoming changes to IFRIC 14 rules and increased pressure on companies to accelerate contributions could worsen FTSE 100 balance sheets by up to £100b
The Pensions Regulator publishes their Corporate Plan
Improving the participation, accountability, protection and confidence in occupational pension schemes forms the heart of The Pension Regulator’s (TPR

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.