DC master trusts to pay up to £67k for authorisation
Protection on a par with occupational pensions
The Pensions Regulator (TPR) will authorise and supervise defined contribution (DC) master trusts under a planned regime which will "strike the right balance" between member security and scheme burdens.
Under the regime, unveiled by the Department for Work and Pensions (DWP) today, members in master trusts will be given equivalent protections to members in other occupational pension schemes. Authorisation...
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