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Aviva has announced that its Master Trust has received authorisation from the Pension Regulator (TPR).
Aviva’s entirely independent Master Trust board has a range of industry expertise, including investment design and performance, clear communications, efficient administration and value for money.
Aviva Master Trust has previously been awarded Master Trust Quality Assurance by TPR. It also holds the Pension Quality Mark Ready accreditation.
Aviva Master Trust has grown significantly and currently manages over £2.5bn of assets for over 200,000 members.
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“I’m delighted that Aviva Master Trust has received authorisation from the regulator. Our proposition is one of the strongest in the market and authorisation shows it is a quality pension scheme in terms of governance, operational effectiveness and financial security.
“It now means that our existing clients, and those considering using Aviva for their workplace pension, can be confident that our Master Trust complies with the highest standards.”
Colin Richardson, Chair of Trustees for Aviva Master Trust, said:
“This is a fantastic day for Aviva Master Trust. Myself and my fellow trustees have always been confident of the quality of the master trust, but authorisation from TPR is vital.
“I’m looking forward to continuing to work with Aviva to develop the Master Trust and deliver value for money for our members.”
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Media enquiries:
Ben Moss
Corporate and Workplace
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07827 832 395
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Notes to editors:
- We are the UK's leading diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
- We help our 19.5 million (as at 30 June 2024) customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
- We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2023, we paid £25.6 billion in claims and benefits to our customers.
- In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. We are aiming to have Net Zero carbon emissions from Aviva’s operations and supply chain by 2030. While we are working towards our sustainability ambitions, we recognise that while we have control over Aviva’s operations and influence on our supply chain, when it comes to decarbonising the economy in which we operate and invest, Aviva is one part of a far larger global ecosystem. There are also limits to our ability to influence other organisations and governments. Nevertheless, we remain focused on the task and are committed to playing our part in the collective effort to enable the global transition. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability
- Aviva is a Living Wage, Living Pension and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/
- As at 30 June 2024, total Group assets under management at Aviva Group were £398 billion and our estimated Solvency II shareholder capital surplus was £8.2 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
- For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
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