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.

Nigel Waterson, chair of the trustees at Now Pensions, has today announced that he is standing down after more than seven years in the role.

Aegon Master Trust has submitted its authorisation application to The Pensions Regulator (TPR) today.

The Pensions Regulator (TPR) is to get new powers over trustees following the Government’s response to the publication of a report by the chair of the Competition and markets Authority.