Global Banking News-January 15, 2018--Aviva names new investment specialist to its
Master Trust Board
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).
