Pensions Regulator should get 'power to licence master trusts'

The system would be similar to the Bank of England's (BoE) power to approve the establishment of banks. He also called for capital requirements to be introduced and greater powers for TPR to intervene in master trusts. Boulding (pictured), who is policy strategy director at the Tax Incentivised Savings Association (TISA), said the forthcoming Pensions Bill would address gaps in master trust regulation. He said: "We need a licensing scheme more akin to getting a banking license and powers at the BoE, where serious checks will be made by TPR on those applying for a licence. [If you are ...