Global Banking News-January 15, 2018--Aviva names new investment specialist to its Master Trust
An authorisation and supervision regime will ensure that tough new powers are in place to protect the 7 million members of master trust
schemes, who have a combined 10 billion worth of assets invested.
There is a group of very well-run master trust
schemes for whom compliance will be little more than a formality.
Japan's largest life insurer, and including a unit of Germany's Deutsche Bank AG, has launched a joint venture, the Master Trust
Bank of Japan Ltd.
Four major Japanese financial institutions said Tuesday they have taken stakes in a Deutsche Bank AG-affiliated trust bank to offer master trust
services through it.
A sole audit report on the master trust
with separate columns for each plan's financial information will not satisfy ERISA's audit requirements.
We have a master trust
for some of our North American and European funds, and we pool assets in other countries wherever we can, a process that generally takes us six to 18 months to complete.
Towers Watson announced today that its master trust
, LifeSight, has gained the master trust
assurance framework (MAF) accreditation developed by the Pensions Regulator (tPR) and The Institute of Chartered Accountants in England and Wales (ICAEW).