TPT Retirement Solutions (TPT) is the 19th master trust to be added to The Pensions Regulator's (TPR) assurance list.
It was one of the early providers to pass the first level of the Master Trust Assurance Framework (MAF), which checks the design of the scheme's control procedures.
In order to pass the second level, TPT passed 38 controls set out by the Institute of Chartered Accountants in England & Wales. These include safety and security of assets, assessing value, assessment of investment options, people and governance.
It then had to demonstrate these had been met over the past year to successfully pass level two.
TPT chief executive Mike Ramsey said: "Achieving the second stage of the MAF means that employers can be confident we meet the industry-wide benchmark of quality. We are absolutely committed to maintaining our high standards of scheme governance and administration.
"TPT also provides the same comfort in the defined benefit (DB) arena where we adhere to the same high standards set under MAF. We believe that we are entering a period of significant consolidation in the industry and achieving high quality standards is a given to attract new schemes to the trust."
Established in 1946, TPT is a not-for-profit which serves over 2,400 organisations, 250,000 members has assets of more than £9bn. It was formerly The Pensions Trust and rebranded in October 2016.
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