PQM Ready enables employers to identify high quality Master Trusts when choosing a solution for their employees.
Global Banking News-January 15, 2018--Aviva names new investment specialist to its Master Trust Board
Under these plans, consumer savings will be more secure with master trusts
being required to meet strict criteria on all aspects of operations and governance.
The Bill will require master trusts
to meet stricter operating rules.
separate back-office services for pension funds from investment services for the funds to create unified trustee accounts for custody, settlement, receipt of interest and dividend payments, foreign exchange risk management and other administrative functions.
One drawback to master trusts
is that they can be difficult to establish in other countries.
The Rating Watch Positive designation for the master trusts
reflects positive movement in credit enhancement as capacity to issue additional debt has not been used.
This adds to LifeSight s other master trust
accreditation, the PQM READY assurance, making it one of the few master trusts
to have achieved both.
credit card master trusts
," said Darryl Osojnak, Senior Director, Fitch Ratings.
The new report discusses the varying methods credit card master trusts
use to allocate finance charge collections, outlining socialist, nonsocialist, and semisocialist structures.
Monthly chargeoffs showed a widespread increase with 68% of master trusts
reporting higher versus lower chargeoffs as companies like Citibank, Discover and Providian reported the largest month-to-month increases.
Issuers who regularly add accounts to their master trusts
provide an increasing portfolio balance on which charged-off account percentages are based.