Pensions - Articles - IWDC Section of Railways Pension Scheme authorised by TPR


The Industry-Wide Defined Contribution (IWDC) Section master trust has received authorisation following a successful application to The Pensions Regulator.

 The IWDC Section’s governance, with robust oversight and high-quality systems and processes, enabled it to meet the required criteria and become an authorised master trust.
 
 The IWDC Section has around 8,800 members across 27 employers, with assets of £118 million.
 
 Chris Hannon, Chair of the Railways Pension Trustee Company Limited, said: “We are delighted to receive regulatory approval of authorised master trust status for the IWDC Section. Gaining authorisation is a testament to the hard work and expertise of the master trust team and to the quality of service we offer our members and clients, giving them the assurance that they are with the right provider.
 
 “We will continue to develop the IWDC Section offering within this new framework, improving our credentials to existing and prospective clients.
 
 “High governance and oversight standards are the way we deliver a great experience and outcome to IWDC Section members.”
  

Back to Index


Similar News to this Story

Retirement Reimagined as report maps out pension reform
A report says the UK’s retirement system is built on outdated assumptions: people retire at 65, live modestly for a decade, and state and workplace pe
Guided retirement and targeted support a turning point
Zedra said that the forthcoming introduction of guided retirement duties for trustees alongside the FCA’s targeted support framework, has the potentia
12 tax rises next year you will not hear about in the Budget
Every year, a number of tax thresholds and allowances stay frozen – and not just the ones you hear about. Some of these haven’t changed for forty year

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.