Pensions - Articles - Aon MasterTrust completes Quality Assurance Framework

 In order to attain the assurance and to appear on the list of master trusts on the Regulator’s website, The Aon MasterTrust required a report from an accountant confirming that its procedures meet the control objectives required by the ICAEW (technically the objectives set out in the master trust supplement to AAF 02/07, produced by the ICAEW in partnership with TPR). The Type I report for The Aon MasterTrust was carried out by Smith & Williamson, the leading firm of accountants in this area.

 Michael Clare, UK director of Aon Hewitt, said: “This recognition of the quality of The Aon MasterTrust is an important step in its progress. From the start we designed it to be a superior product, offering the best that Aon can deliver in terms of investment choices and member support, and high quality administration – all with the aim of delivering better outcomes for members. The quality assurance framework is recognition of our market-beating proposition for members, trustees and employers.”

 Roger Mattingly of Pan Trustees Limited, the chair of trustees of The Aon MasterTrust said: “As trustees, this confirms our experience of dealing with The Aon MasterTrust. It is backed by an organisation that has a strong desire not just to survive in a more competitive and demanding landscape as the Regulator exercises its influence and powers, but also to thrive in this environment. Our governance will continue to ensure that this master trust is a leading example of what high quality pension provision can deliver for members, both now and in the future.”