Peter Walker: What could the new master trust legislation look like?

New Bill essential to ensure the success of auto-enrolment

clock • 3 min read

New legislation that should offer the pensions market much needed reassurance and confidence in master trusts is still being hotly debated by experts and politicians, says Peter Walker, but a likely framework is taking shape

The race is now very much on to encourage as many people as possible to save for their retirement through workplace pensions and auto-enrolment - and boosting the regulatory regime around master trusts is an important part of the work being done. As more people start to contribute, trust and security will be critical to auto-enrolment success. So here - always assuming Brexit allows Parliament time to consider anything else - is what the Autumn Pensions Bill could look like. To start with, it looks as though there will be a mandatory minimum capital adequacy requirement for new master...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Mind the gap: Why advisers have a key role in closing the gender pension divide

Mind the gap: Why advisers have a key role in closing the gender pension divide

'While access to pensions has improved, barriers remain'

Julia Peake
clock 22 October 2026 • 5 min read
Planning points: Paying pension funds to charity on death

Planning points: Paying pension funds to charity on death

IHT on pensions may create opportunities for charitable giving

Martin Jones
clock 16 October 2026 • 3 min read
Torsten Bell: Pensions industry must 'give ground' to what savers trust

Torsten Bell: Pensions industry must 'give ground' to what savers trust

Torsten Bell says what the industry is doing is a ‘triumph’, but there must be transparency

Holly Roach
clock 15 October 2026 • 1 min read