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The Pensions Regulator is shifting its master trust supervision to prioritize investment strategies, data quality, standards, and retirement innovation, aiming for master trusts to become the "gold standard" in pension provision.
The Pensions Regulator has announced in a press release that its approach to the
supervision of master trusts is evolving to focus more on
investments, data quality and standards, and innovation at
retirement.
In an address to master trust chairs of trustees, scheme
strategists and scheme funders on July 8, 2024, Neil Bull, the
Regulator's Executive Director of Market Oversight, announced
that the change would see master trusts become the "gold
standard for pension provision".
As part of the new approach, the Regulator will "probe and
challenge" how a master trust's investment approach
delivers for savers, investigate how master trusts are seeking the
best possible long-term risk-adjusted returns, look more broadly at
master trust investment governance and decision-making, and request
"deep dives" into master trusts' systems and
processes.
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