NOW: Pensions submits application for Master Trust Authorisation

NOW: Pensions has today confirmed that it has submitted its application for authorisation to The Pensions Regulator (TPR).

Joanne Segars OBE, Interim Chair of the Trustee at NOW: Pensions said: “With over 10 million people now having been automatically enrolled into workplace pensions and the majority of those in master trusts, it’s absolutely right that we have the higher standards of protection for savers that Master Trust Authorisation will bring. The new regime is something we have consistently campaigned for and whole-heartedly welcome.”