MENU PREVIOUS PAGE SHARE PRINT MASTER TRUST REGULATION Master trusts have taken the bulk of the 7 million new savers drawn into pension saving by automatic enrolment. But the consumer protections offered to members of master trusts can be weak if and when schemes encounter difficulties and low barriers to entry have meant a proliferation of new master trusts, not all of which will be sustainable. The PLSA called for a new system of master trust regulation and wholeheartedly supports the Pensions Schemes Act that is bringing this new system into being. Already as a result of the Bill passing into law, those saving into master trusts have tougher protections of their rights as consumers. Over the course of 2017 and 2018 we will be working with DWP and TPR to scrutinise the underlying detail of the new system and ensure the new system works for both schemes and savers. RELATED DOCUMENTS SUPERVISION AND ENFORCEMENT POLICY FOR MASTER TRUSTS - PLSA RESPONSE 24 August 2018 The PLSA has responded to the The Pensions Regulator's consultation Supervision and Enforcement Policy for master trusts. While the draft supervision policy is in a reasonable state, there are some important matters to resolve before the draft becomes finalised. We raised them in the consultation response. READ MORE COVID-19 RESOURCES RESPONSIBLE INVESTMENT DEFINED BENEFIT DEFINED CONTRIBUTION Hitting the target project Retirement Living Standards Costs, Charges and Governance in DC Schemes Automatic Transfers Collective Defined Contribution Retirement Income Adequacy Automatic Enrolment Cost Capital and Charges Research Retirement and the pension freedoms Independent Retirement Savings Commission Master trust regulation The pensions dashboard Archive Small Pots Cross-Industry Co-ordination Group Pension Tax LIFETIME SAVINGS INVESTMENT RESEARCH STEWARDSHIP LOCAL AUTHORITIES EUROPE & INTERNATIONAL DOCUMENT LIBRARY THOUGHT LEADERSHIP LIBRARY Add your voice and help everyone achieve a better income in retirement. JOIN TODAY CALENDAR OF EVENTS RETIREMENT LIVING STANDARDS PENSION QUALITY MARK LOCAL GROUPS HOW TO FIND US CONTACT US ACCESSIBILITY TERMS OF USE COOKIES YOUR PRIVACY © 2021 PENSIONS AND LIFETIME SAVINGS ASSOCIATION. ALL RIGHTS RESERVED.