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.”

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