On the go: The Aviva Master Trust and Workers Pension Trust have been added to the Pensions Regulator’s list of authorised schemes.
The addition of these two schemes brings the number of master trusts authorised so far to 20.
In order to achieve authorisation, schemes must demonstrate they meet TPR’s required standards for existing as well as new master trusts.
Once schemes have been authorised, the regulator will supervise each master trust on an ongoing basis. Schemes will be expected to be honest, open and transparent. They will be expected to engage with the watchdog proactively and volunteer information about any material risks, developments and issues.
The full list of authorised master trusts can be found here.
