TPR receives two master trust applications over January

The Pensions Regulator has received two more master trust authorisation applications over January, bringing the total number of trusts to apply to eight.

It is understood that four of the eight applicants are LifeSight, BlueSky, Legal and General and Crystal Trust, while the identity of the others are still uncertain.

TPR said it expects to receive many more in the coming months.

According to its monthly bulletin, The current master trust market, seven schemes have now confirmed their exit from the market, while 31 have triggered their exit, up from the 29 reported in December.

It expects the remaining 44 master trusts to apply, consolidate or exit the market over the next few months.

In total, TPR has identified 90 master trust schemes operating in the market.

Master trusts now have less than two months to apply for authorisation, and while the latest figures suggest take up is slow, the regulator believes it to be an indication of how seriously master trusts are taking the authorisation process.

    Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

Advertisement Advertisement Advertisement