Workplace Pension Master Trust - Trustees

Carey Workplace Pension Trust (CWPT)
 
The Carey Workplace Pension Trust was established in October 2012 with the primary purpose of offering an Auto Enrolment solution to existing and future clients of Carey Pensions UK.
 
Administration of the Scheme is performed by Carey Corporate Pensions UK Limited, who are based in Milton Keynes and specialise in providing pension services and products to the UK market.
  
The current Trustee Board consists of Carey Corporate Trustees UK Limited (affiliated trustee), Barry Parr (independent trustee) and PAN Trustees Limited who are the appointed independent Chair of trustees. The Trustee Board have a good knowledge of all aspects of pension administration, governance and trusteeship, and have many years of experience working within the Corporate Pensions Industry.
 
The Board of CWPT 
 
The Trustee Board meets on a quarterly basis to ensure good governance standards are maintained and to ensure members’ best interests are at the heart of what we do.  
 
Ensure the safety of your savings
 
The Trustee board is responsible for ensuring that your pension savings are invested securely. Although investments can go down as well as up, it does mean that they are protected against fraud, theft or the business failure of Carey Corporate Pensions UK Ltd.
 
Consider what's in your financial interests
 
We will invest your pension contributions, taking into account the investment decisions you may have made. Where you don't make an investment decision, we will invest your contributions in what is called the default investment option. We will review the strategy and investment performance of all funds in the scheme on a regular basis and ensure the funds remains suitable for the membership.
 
We will consider whether the charges Carey Corporate Pensions UK Ltd are taking from your savings represent good value for services provided. 
 
Trustee's Report and Chair's Statement
 
By the end of October each year, the Chairman of Trustees will produce a report detailing how the scheme is performing including:
 
Our opinion on whether you are getting good value
How core financial transactions are processed
Information relating to charges and transaction costs
 
Please click here for the latest copy of the Chair Statement. 
 
Statement of investment principles
 
The Statement of Investment Principles (SIP) has been prepared by the trustees of the Carey Workplace Pension Trust.
 
The statements detail the principles which govern the decisions about investments that enable the trust to meet requirements of:
 
the Pensions Act 1995, as amended by the Pensions Act 2004
the Occupational Pension Schemes (Investment) Regulations 2005 as amended by the Occupational Pension Schemes (Investment) (Amendment) Regulations 2010 and the Occupational Pension Schemes (Charges and Governance) Regulations 2015
 
Please click here for the latest copy of the SIP
 
Independent audit assurance (Master Trust Assurance Framework)
 
Developed by the Institute of Chartered Accountants in England and Wales in conjunction with The Pensions Regulator, Master Trust Assurance is a voluntary framework providing an independent review against an industry-wide quality standard.  It enables trustees to evaluate the quality of their pension scheme and demonstrates compliance with control objectives.
 
The Carey Workplace Pension Trust is a Master Trust and receives this independent review. The Board of CWPT is pleased to present its report detailing the control procedures that are in place for the Carey Workplace Pension Trust. Please click here to read the latest Assurance Report.
 
Feedback
 
We welcome your feedback on any matters regarding your pension arrangement.  If you have any comments, please contact us by email stating your scheme name and member reference number workplacepensions@careypensions.co.uk