Govt to tighten grip on master trusts as market grows

Baldwin said the legislation would be introduced "as soon as practically possible". MP for Wolverhampton South West Rob Marris previously raised concerns about the shortage of regulation in place to police the master trust pension schemes entering the auto-enrolment market, and the lack of scrutiny they were under. A master trust is a multi-employer occupational scheme where each employer has its own division within the master arrangement. Schemes such as the People's Pension and NOW: Pensions fall into this category. New entrants to the market include Smart Pension and the Lightho...