A big trim for master-trust pension schemes

More than one in four master-trust pension schemes – which look after the retirement savings of millions of savers – are set to close.

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Master trusts evolved out of pension schemes for hairdressers and builders
(Image credit: Dimitri Vervitsiotis)

One in four of these pension schemes will close due to tougher regulations.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.