A draft policy on how authorised master trusts will be supervised and regulated has been outlined in a consultation published by the pensions watchdog.
Launched today (26 July), the Master trust supervision and enforcement policy consultation outlines how The Pensions Regulator (TPR) plans to supervise all schemes as well as more intensively scrutinise higher risk master trusts. For example, as part of routine supervision TPR may request information such as trustee board minutes; investment reports; administration reports and chairs' statements. While master trusts subject to additional supervision might be requested to attend voluntary face-to-face meetings with the watchdog. The document also details how TPR may use its powers t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
