Now Pensions has revealed it has submitted an application for master trust authorisation to The Pensions Regulator (TPR).

The Pensions Regulator (TPR) has warned schemes they must produce a chair's statement which is compliant with the law, after fines against two were upheld in court.

The window for master trust pension schemes to submit an authorisation application has officially closed.

Welplan has expressed disappointment with the new pensions regulation regime after deciding to quit the master trust market and re-focus on continuing to grow its employee benefits business.