All Consolidation articles
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NewsMaster trusts should prepare now for scale requirements, TPR says
The regulator set out principles to help trustees evaluate whether their schemes are likely to meet the proposed scale thresholds and how they should evidence future growth.
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NewsSetting the scale test: How the DWP plans to get DC funds to £25bn
The Department for Work and Pensions has set out how it expects master trusts and other DC providers to hit the £25bn scale requirement set out in the Pension Schemes Bill.
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OpinionScale in workplace pensions is good – but not at the expense of innovation
Darren Philp looks ahead to the Pension Schemes Bill’s latest stage in the House of Lords and hopes for a pragmatic approach to the scale test for workplace DC pension schemes.
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FeaturesDC outlook: Scale, value, and adequacy are top of the agenda
With the Pension Schemes Bill set to reshape the defined contribution (DC) landscape over the next decade, Pensions Expert asked experts about the challenges and opportunities awaiting the sector in 2026.
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NewsWTW to acquire Cushon master trust as DC consolidation gathers pace
Cushon and LifeSight will operate separately, serving the mid-market and larger end of the DC universe, respectively, according to WTW.
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NewsSmart acquires Waystone’s £580m master trust in ‘first of wave’
Smart Pension has acquired the WS Stakeholder Pension Scheme, the first time it has taken on a contract-based defined contribution scheme.
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OpinionSuperfunds stepping into the spotlight through Pension Schemes Bill
The Society of Pension Professionals’ David Potts looks into the proposed superfund legislation contained within the Pension Schemes Bill and key considerations for employers, providers, and policymakers.
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NewsTPT names trustee board for run-on superfund
The new superfund will be chaired by Aretas Trustees’ Nadeem Ladha, TPT has announced, along with professional trustees from Law Debenture, Bestrustees, and Capital Cranfield.
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NewsPensions UK outlines feasibility study for small pots consolidation
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
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NewsDC schemes should consolidate to support guided retirement aims, TPR says
The Pensions Regulator has once again urged small pension schemes to consolidate to ensure they comply with forthcoming duties related to decumulation contained within the Pension Schemes Bill.
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NewsAviva Master Trust tops £15bn amid government push for consolidation
Aviva’s defined contribution master trust has passed £15bn in assets under management, it announced today, as providers seek to meet the government’s £25bn ‘megafund’ target.
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NewsPensions UK sets out model for small pots consolidation
A new report recommends a “federated” system for consolidating deferred auto-enrolment pots of less than £1,000, using existing technologies and processes where possible.
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OpinionABI: Supporting the ‘Pay Your Pension Some Attention’ campaign
It’s Pensions Awareness Week, and Emily-Mae Collins of the Association of British Insurers outlines the many positive intiatives that will help consumers pay their pension some attention.
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NewsBigger and better schemes will help fill in ‘pension potholes’, says Bell
Pension scheme consolidation is helping improve outcomes for UK savers, but more work needs to be done to stop a generation of pensioners slipping into poverty, the pensions minister has said.
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NewsPensionBee launches petition for 10-day switch guarantee to end ‘pension purgatory’
Research from the pension consolidator has found that two-thirds of customers believe slow transfers can inhibit retirement planning.
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FeaturesCase study: First Bus bypasses master trusts for a bespoke DC route
First Bus’ defined contribution (DC) pension scheme has opted not to consolidate into a master trust so far. Head of pensions Muntazir Hadadi explains why, with contributions from the scheme’s lawyer and members.
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NewsSmart targets £10bn by next year as Mody takes over as chair
Raj Mody will succeed Andy Cheseldine as chair of Smart Pension’s master trust board on 1 September.
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NewsOwn-trust DC schemes ‘have the edge’ over master trusts, research shows
Barnett Waddingham research shows that employers with larger DC schemes are not always choosing to consolidate into master trusts, with single-employer approaches winning on factors such as member engagement.
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NewsHow employers plan to change their DC pension provision
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
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NewsMore cost concerns raised over LGPS asset pooling plans
One of the LGPS funds now searching for a new pool has warned of a hefty cost impact, as the government seeks to accelerate pooling over the next few months.