Towers Watson's LifeSight master trust has gained the Pension Quality Mark (PQM) Ready in recognition of good governance and communication.
In order to receive accreditation, schemes are independently assessed in the areas of governance, charges and communications.
Governance of master trust has been in the spotlight over the summer as the Pensions Regulator published a list of approved master trusts for small employers in a policy U-turn.
LifeSight managing director Fiona Matthews said: "PQM Ready is an independent standard that recognises good quality defined contribution pensions. It reflects the confidence that independent assessors of quality have in our scheme and demonstrates our strong position in the market."
PQM executive director Julian Mund congratulated LifeSight and added: "PQM Ready is a key mark of quality and assurance which helps employers and individual savers gain confidence in schemes that have the accreditation. We hope that Towers Watson's achievement will encourage other master trusts to follow suit."
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