Over 50 Pension Trusts Exit Tougher Market, Watchdog Says

Law360, London (November 5, 2019, 5:07 PM GMT) -- Britain's pensions regulator said Tuesday that more than 50 multiemployer pension schemes have dropped out of the market, more than a year after they applied to gain authorization under tough new standards aimed at protecting retirement savers.

The Pensions Regulator said it has authorized 37 existing master trusts, also known as multiemployer schemes, since October 2018, which will protect 16 million pension pots. Legislation came into force at the time that required every new and existing such scheme holding more than £29 billion ($37 billion) in assets to apply to the watchdog for approval.

The new rules came under updates to the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!