Master Trust Schemes: Review of Participation

Part of Pension Schemes Bill [Lords] – in a Public Bill Committee at 2:45 pm on 9 February 2017.

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‘(1) The Secretary of State must, before the end of the period of 12 months from the day on which this Act receives Royal Assent, establish a review of participation in Master Trust Schemes.

(2) The review must consider what steps can be taken to increase the participation in Master Trusts Schemes by the following groups—

(a) carers;

(b) self-employed;

(c) workers with multiple employees; and

(d) workers with annual earnings below £10,000.”

(3) One of the options considered by the review to improve participation must be changes to the terms of auto-enrolment.’. —

This new clause reviews options for widening participation in Master Trust Schemes for groups currently facing barriers, in particular groups not currently covered by auto-enrolment.