Leading audit and assurance provider, Assure UK worked with Workers Pension Trust on the Systems and Processes and Fit and Proper Person Checks to successfully obtain Master Trust Authorisation on 27 August 2019 by The Pensions Regulator (TPR).
Workers Pension Trust brings the number of authorised schemes in the market to 20 and is the first northern Irish based firm to receive authorisation.
A not for profit organisation, Workers Pension Trust (WPT) is the largest private sector pension scheme in the north. It has achieved considerable success in recent years, enrolling more than 85,000 members from over 5,000 organisations in Northern Ireland and Britain.
Master Trust Authorisation recognises the high standards operating at Workers Pension Trust.
John Armstrong, Managing Director, Workers Pension Trust said: “Securing Master Trust Authorisation is a complex and rigorous process and we are absolutely delighted to be the first Northern Ireland based provider to have achieved this prestigious accreditation.”
Andrew Riley, Head of Assurance at Assure UK said: “Authorisation requires a master trust to demonstrate a wide range of rigorous policies and controls over a series of months and to have a number of these independently assured by the TPR. It was a privilege to work with Workers Pension Trust and guide them through the process to ensure they were able to demonstrate their policies and controls effectively, resulting in successful authorisation.”
Assure UK offer ISAE 300, ISAE 3402 and AAF Assurance services for pension governance and administration to create and demonstrate robust procedures and policies. For further information please contact Andrew Riley on 020 3540 3171 alternatively you can send an email to firstname.lastname@example.org.