The code helps those involved in master trusts to understand how to satisfy us that the authorisation criteria are met at application and continue to be met throughout supervision.
A master trust scheme is an occupational pension scheme which:
- provides money purchase benefits (whether alone or in
conjunction with other benefits)
- is used, or is intended to be used, by 2 or more
- is not a relevant public service pension scheme
This code applies to those involved in the operation of a master trust, for example trustees, scheme strategists, scheme funders and their advisers.