The Salvus Master Trust has gained the Master Trust Assurance Framework (MAF) accreditation.
MAF, known as AAF 02/07 and developed by the Institute of Chartered Accountants in England and Wales, sets a benchmark for minimum standards relating to the operation and governance of master trusts. Schemes awarded MAF are held to higher standards than non-accredited master trusts.
Salvus joins a select group of high profile master trusts which have obtained the award including NEST, NOW:Pensions and The People’s Pension. It is now working with The Pensions Regulator to join their preferred provider list.
Graham Peacock, MD of Salvus Master Trust, commented:
“The MAF accreditation is a significant milestone for Salvus and underpins our longstanding commitment to providing advisers and employers with a robust and high quality master trust. We believe the key to long term viability in this market is achieved by positioning good governance and ease of use for customers at the very heart of our proposition.
“We have invested heavily in ensuring our trustees and others involved in our business share these core values. This rigorous approach, combined with the MAF award, will enable us to run a master trust of the highest standard for many years to come.”
Salvus was launched in 2013 and now has in excess of 1400 employer scheme registrations. The membership of Salvus now stands at over 12,000 members, with over £43m in assets.