The Pensions Regulator has appointed three new members to its determinations panel, ahead of the start of the master trust authorisation regime.

From October 2018, TPR’s determinations panel will be required to rule on applications from master trusts on whether the schemes can continue to operate in the market. As a result, it has appointed Sarah Chambers, Antony Townsend and Mike Urmston, as new members who will take up their posts in September.

The appointments mean the panel will increase from nine to 12 members between September 2018 and July 2019, as the panel increases its capacity to consider applications by master trust schemes for authorisation as part of new legislation to protect savers.

Existing members Tony Foster and David Latham have been re-appointed to the panel for a second term. Current panel members Elizabeth Neville, Alasdair Smith and Peter Hinchliffe will step down in July 2019 after completing their second term.

Welcoming the appointments, panel Chairman Andrew Long said: “I am very pleased that we have attracted such highly-qualified individuals to the Determinations Panel.

“They will bring a range of experience to the roles, joining a panel that deals with important cases and issues at what will be a particularly busy time because of the new master trust authorisation process. I would also like to thank the three members who will step down in July next year for their contribution to the panel since 2011.”

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