The Pensions Regulator’s list of authorised master trusts has been updated this morning to include two additional schemes, bringing the total to 20.

The National Pension Trust, part of XPS Pensions Group, has been granted master trust authorisation.

Healthcare cash plan provider Medicash has transferred its £20m DB scheme, which has around 170 members, to TPT Retirement Solutions DB Master Trust.

The Pensions Regulator has revealed 39 firms have applied for master trust authorisation.