Welplan Pensions has achieved Master Trust accreditation for its pension scheme for the second year in a row. The Master Trust Assurance Framework quality standard was developed by the Institute of Chartered Accountants in England and Wales (ICAEW) in association with The Pensions Regulator to help employers identify schemes with the highest standards of governance and administration.
With so many pension schemes to choose from, it can be difficult to know which is right for you. By considering one of these schemes, such as Welplan Pensions, you can be sure that it's been independently accredited, giving you peace of mind.
Speaking at the time of the achievement Bruce Kirton, Chief Executive of Welplan Pensions, said: “Employers want to know that their pension provider has been properly vetted and has satisfied the Regulator that the Scheme is a professional and robust organisation – and that it is in the business for the long-term. At Welplan, we are extremely proud to have achieved Master Trust accreditation two years in a row. This is a considerable achievement and reflects our focus on meeting the needs of employers of all sizes.”
You can read an extract from the AAF 02/07 Master Trust Controls Report here.
Welplan Pensions, the auto enrolment pension schemes provider, has been awarded a 5 Star Rating by independent research organisation Defaqto. This is the highest-achievable rating, given only to financial products or services assessed as “excellent, with a comprehensive range of features and benefits.”
Defaqto Star Ratings show how financial products and services rank in comparison with each other in order to help employers, advisors and consumers make better-informed purchasing decisions.
Bruce Kirton, Chief Executive of Welplan, commented: “Welplan Pensions is extremely proud to have achieved this top, 5 Star Rating from a highly regarded and impartial assessor. Employers can find it difficult identifying which auto enrolment pension provider will be best for them, and Star Ratings can help them make a more informed decision.”
In April 2017, Welplan Pensions was awarded the Pension Quality Mark (PQM) READY standard for the third year running, in recognition of the scheme’s clear communications and strong governance. Only 11 other pension providers in the UK hold this industry standard, and we are really proud to display the PQM READY logo on our website.
Speaking when Welplan Pensions was awarded the standard Justine Tate, Managing Director at Pensions Quality Mark, said: “For employers, choosing a pension scheme is an important decision. PQM READY helps employers identify high-quality pension provision for their employees, building trust and confidence amongst their workforce”.