Latest Insights

Master Trust League Table

Out of the 37 Master Trusts authorised by The Pensions Regulator (TPR), there are 25 ‘commercial’ Master Trusts. These are available, in theory, to all employers. Go Pensions carries out extensive research into the ‘commercial’ Master Trusts to support our clients with selection exercises. We have obtained permission from providers to share the headline market…
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Top tips for outsourcing your projects

Outsourcing all or part of a project can be a great way to achieve delivery at times when there is either no capacity or a skills gap in your team.  This article provides some top tips for outsourcing your projects. Choose well First consider which of your vendors has the right expertise for the job. …
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2020 – The Year of Opportunity for Small Schemes?

2019 was a record year for pension scheme buyouts – the year of the ‘mega-deal’ by any measure. Despite being hit by the COVID-19 pandemic, the industry is still expecting 2020 to be one of the biggest years, by volume, for buyout transactions. Small schemes have historically struggled to access the buyout market. But with…
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The Future of Master Trusts – Survival of the fittest

20 years ago who would have predicted that Master Trust would have become part of the pensions vernacular? Thanks to TPR authorisation there has been some much-needed consolidation in the market. Whilst TPR’s website still lists 38 authorised Master Trusts (a reduction from 90 pre-authorisation), at least 2 of them are no longer accepting business.…
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What next for DB? Consolidators and Superfunds

The last 20 years in pensions have been dominated by moving to DC and managing DB liabilities. As a result, DC innovation has flourished, particularly since auto-enrolment and TPR authorisation of Master Trusts. But DB has not been forgotten. DB risks continue to be managed by Trustees and Sponsors. Helpfully, DB innovation is out there…
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Pitfalls when choosing a Master Trust

With Master Trusts expected to become the main vehicle for workplace pensions in the coming years, are you looking at your in-house pension or Group Personal Pension and thinking about other options?  One in three trust-based plans are expected to move to a Master Trust in the next 5 years and the transition has never…
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TPR’s Master Trust Authorisation Regime

In our latest survey of the Master Trust market we looked at Master Trusts’ experiences of The Pensions Regulator’s (TPR) authorisation and the ongoing supervision regime. TPR’s authorisation process – intense but necessary A modest number of respondents felt the authorisation process itself was in line with expectations. However, over 85% felt the process was…
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Covid-19 Lockdown TPA survey #2

Results of Go Pensions Survey In our latest survey, we have looked at how the TPA experience is developing during the Covid-19 lockdown.  All TPAs previously reported that they could continue with remote working indefinitely.  However, this is clearly just an emergency capability rather than a preferred approach.  Although some firms maybe contemplating more homeworking,…
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Covid-19 Lockdown and the TPA experience

In our latest survey, we have looked at what Third Party Administrators (TPAs) have experienced with the Covid-19 lockdown. Work volumes appear to be steady or modestly reduced.  This is perhaps surprising given many members will have had more time at home to think about their pension. Metrics such as service levels and right-first-time rates…
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Master Trusts up and running

Master Trust pensions have grown significantly in popularity since the roll-out of auto enrolment and are expected to continue to do so.  From 1 October 2018, all new Master Trusts have had to obtain authorisation from The Pensions Regulator (TPR) before being able to operate. There is now a clearly identifiable pool of 37[1] Defined…
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