Master Trusts Push 'Has Fueled Pensions Consolidation'

Law360, London (July 17, 2020, 2:03 PM BST) -- The pensions watchdog has claimed success in driving greater consolidation in the retirement sector, saying the number of workplace saving plans has fallen by 12% since last year as more master trusts have sprung into existence.

The Pensions Regulator said in its annual report that the number of occupational defined contribution schemes has fallen by 62% in the last 10 years from 4,560 to 1,740. TPR said the drop was the results of its work in authorizing master trusts, schemes for multiple employers that are held to higher regulatory standards and are therefore less likely to fail.

The regulator said in its report,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!