The Aon MasterTrust has received authorisation from The Pensions Regulator, making it the 13thprovider to receive authorisation.
The master trust is expected to appear on The Pensions Regulator’s list of approved master trusts next Tuesday. It is a top decile performer for a saver with 30 years to retirement, based on returns over a three-year period to 31 March 2019, according to Corporate Adviser data.
Aon says the master trust offers targeted member engagement, proactive customer service and financial aggregation tools.It also offers enhanced retirement decision-making for employees through drawdown and retirement support, as well as the ability to consolidate legacy assets including AVCs.
Aon EMEA DC solutions leader Tony Pugh says: “We believe the authorisation process has brought real and positive rigour to the defined contribution market. In applying for authorisation, Aon has been focused on exceeding all its requirements.
“We are very proud of the performance of the Aon MasterTrust, including its top decile investment performance.
“Authorisation enables us to move ahead and to continue to bring effective innovation to our DC solutions, enabling members to better plan for their retirement – and not just from pensions savings but also by aggregating the full range of their finances alongside their pension.”
The other schemes to have received authorisation are:
- The BlueSky Pension Scheme
- The Crystal Trust
- Industry-Wide Defined Contribution Section
- Legal & General WorkSave Mastertrust
- Legal & General WorkSave Mastertrust (RAS)
- Mercer Master Trust
- The Pensions Trust (TPT Retirement Solutions)
- Standard Life DC Master Trust
- Stanplan A
- Universities Superannuation Scheme