InvestAcc Pension Administration

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DWP Master Trust consultation – SSAS exemption

The Department for Work and Pensions (DWP) has published a public consultation on the regulations to support the Pension Schemes Act 2017, the ‘Occupational Pension Schemes (Master Trusts) Regulations 2018’.

The consultation includes an exemption for single member schemes and Small Self-Administered Schemes (SSAS). It had been feared these schemes would be caught up in the Master Trust regulations.

Although not law at this stage, we are happy to relax our stance on SSAS schemes adding additional participating employers with immediate effect.

 

 

December 8th, 2017