What is governance?
What is governance?
Governance means the controls and systems in place that dictate how key decisions are made.
The trustees of SuperTrust are responsible for the governance of the scheme.
Often, the least valued and least understood aspect of pension schemes is how they are governed. Governance means the controls and systems in place that dictate how key decisions are made.
The trustees of SuperTrust are responsible for the governance of the scheme. See below for further information on who the trustees are.
The scheme is governed by three independent corporate trustees who each ensure that the administration and investment management of the scheme is in the best interest of members.
SuperTrust submits itself to a rigerous audit of its systems and processes which are reviewed by the Pensions Regulator before being recognised as an accredited master trust pension scheme on the Pension Regulator's website.
SuperTrust is accredited under the Master Trust Assurance Framework, which was developed by the Chartered Instutute of Accountants in England and Wales, with the assistance from the Pensions Regulator.
Also known as ICAEW AAF 02/07, the framework attempts to set a minimum set of standards at which multi-employer trust based pension providers mush adhere to.
Governance means the controls and systems in place that dictate how key decisions are made.
The trustees of SuperTrust are responsible for the governance of the scheme.
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