The Lewis Master Trust scheme is governed by the trustees who each ensure the administration and investment management of the scheme is in the best interests of the members.
The scheme is currently applying for accreditation under the Master Trust Assurance Framework.
The Master Trust Assurance Framework was developed by the ICAEW (Institute of Chartered Accountants in England and Wales) in partnership with the Pensions Regulator. It is designed to help trustees assess whether their scheme meets equivalent standards of governance and administration to those set out in the Defined Contribution code.
Obtaining the master trust assurance allows us to demonstrate to our clients and their members that the scheme has been subject to an independent review of the description, design and effective operation of its governance and the administration practices against a defined set of control objectives enabling us to assist employers with their automatic enrolment duties.
This means every year the scheme will be independently assessed against a rigorous set of controls.