Master trust pension schemesIf you run a master trust you need to comply with duties set out in the Pension Schemes Act 2017. Some of these duties start immediately.
The ongoing duties for master trust pension schemes and how The Pensions Regulator will supervise these schemes.
The Pension Schemes Act 2017 places duties on those involved with running master trust pension schemes. This includes a duty to report certain events to us which may indicate that the scheme cannot continue to operate.
From 1 October 2018, all new master trusts must apply for and obtain authorisation before they can operate.
We will be publishing a list of authorised master trusts when the first batch of schemes receive authorisation.