In November 2015 Welplan Pensions became one of the few UK schemes to qualify for the Master Trust Assurance Framework quality standard, which 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: “Following an independent audit by Assure UK, Welplan Pensions is proud to have its high standards confirmed with a place on The Pensions Regulator’s list of approved Master Trusts. Now that auto enrolment is reaching the smaller employers who can find it hardest to make the pension choices best for them, independent assurance of a pension scheme’s quality is more important than ever.
You can read an extract from the AAF 02/07 Master Trust Controls Report here.
In April 2016, Welplan Pensions was awarded the Pension Quality Mark (PQM) READY standard for the second 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”.