Posted in General News and Newsletters
The draft Pensions Bill regarding the regulation of Master Trusts was released on 19 October 2016. The Pensions Bill gives the Pensions Regulator new powers to authorise and de-authorise Master Trusts according to strict criteria; the Regulator will publish and maintain a list of authorised schemes. The Bill sets out specific criteria that Master Trusts will have to meet. Further detail on the Pensions Bill is expected to be available in early March 2017.