ICAEW consultation on Assurance Reporting on Master Trusts – an NAPF response
NAPF has responded to the audit profession’s consultation on its master trust assurance framework. The framework sets out the proposed control objectives for auditors to assess whether master trusts are complying with The Pension Regulator’s new Code of Practice for trust-based DC schemes. The audit is voluntary but it is expected that most master trusts will want to get independent assurance.