Master Trust Bulletins
Subscribe to the Master Trust Bulletin
Back issues
September 2026 Master Trust Bulletin
For action:
- Enabling UK productive finance through private market investments
- Look out for our updated significant event J guidance
- Updates to scheme financial template – new guidance
- What pensions reform means for master trusts – our next event
- All the latest – pensions dashboards
Essential reading:
Governance and trustee practice
- Future-proofing trustee boards
- Enhancing administration reporting – insights and best practice
- Manage your cyber risk from emails
- Trustee board and committee observations – good practice
- Inheritance tax reforms – further preparation guidance
Investment and member outcomes
- New publication reveals how master trust default assets are invested
- Bank of England's Private Markets System-Wide Exploratory Scenario Exercise: Round 1 launch
- Too hot to grow
Transfers and transactions
- Individual member transfers out – TPR engagement
- Members with guaranteed benefits transferring to master trusts – case study
July 2026 Master Trust Bulletin
For action:
- Planning ahead: Trustee succession and skills
- New guidance on transferring to a master trust for smaller schemes
- Respond to DWP’s pension transfer consultation by 21 July
- Better disclosures, stronger governance
- AI – what does it mean for the pensions industry?
Investment and good practice:
- Investment governance in master trusts: an evolving landscape
- Supporting supervision through enhanced investment data
- Long term asset funds: From policy intent to portfolio reality – what’s next for DC Pensions
- Tokenisation of assets – what it means for master trusts
- Sensitive Payments: What good practice looks like
Industry insight and engagement:
- Share your insight on future challenges and opportunities with us
- Inheritance tax reforms – what this means for pension scheme administrators
- Master trust supervisors: Experts in their field
- Supervisory Returns – Update
- Pensions dashboards: Connection is just the start – prepare, learn, embed
March 2026 Master Trust Bulletin
For action:
- Updates to master trust reserving guidance
- Performance-based fees – the details matter
- Preparing for technology releases
- Significant event (a) trustee appointments
- Fraud monitoring and controls
Essential reading:
- Bank of England - informing private markets risk management
- Transition Plan Working Group – report due this spring
- Fighting pension fraud together
- Climate Investing Framework – a useful tool for trustees
- FCA Regulatory Priorities Reports
- Investing in nature - Nature 101
December 2025 Master Trust Bulletin
Good practice and updates:
- TPR celebrates dashboard connections
- AI: The potential for members to be influenced
- Vote reporting: another step forward by industry
- DC fund illustrations
- Administration: Updated guidance and insight
- Outcomes based regulation
- Significant Event J considerations
- Trustee toolkit update: Revised content and next steps
Investment:
- Strengthening investment governance: A call to action
- Navigating market volatility
- Considerations when implementing structured equity solutions
- Defence investing: Repositioning needed
Work with us:
- Join our roundtables to help shape our future work
- Consolidation – Are you taking on smaller schemes?