Master Trust

Master Trust

A trust into which a large number of investors deposit money. The investors then allow the trustee to invest the money on their behalf and keep the profits. A master trust is useful because the larger number of securities in the investors' combined funds can entitle them to discounts or other preferential treatment. An example of a master trust is a unit investment trust, which is an unmanaged portfolio the investor may buy.
References in periodicals archive ?
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).