On the go: National Pension Trust and the SEI Master Trust have been added to the Pensions Regulator’s list of authorised master trusts.
The authorisation of both schemes, along with the Aon MasterTrust – which announced its authorisation last week – brings the total number of authorised master trusts up to 15.
Ian Davies, National Pension Trust chair of trustees, said the authorisation process has been a big undertaking and involved a significant amount of collaboration between the trustees, the master trust’s strategists and administrators, and its funder XPS Pensions.
“I was always very confident in the strength of our governance and the quality of our people, proposition and processes, and it is gratifying to have achieved authorisation and have that formally recognised,” he said.
Similarly, Capital Cranfield Pension Trustee's Allan Course, chair of the trustees of the SEI Master Trust, said the trustees were delighted to have the master trust’s authorisation confirmed by the watchdog.
“As trustees, our role extends far beyond meeting regulatory requirements. Throughout the authorisation process our primary focus remained on delivering the best possible outcomes for the thousands of members for whom we are responsible,” he noted.
The list of authorised master trusts can be found here.
