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Annual declaration for Trust Board Members(\”the Trust\”)\”FIT AND PROPER PERSON\” DECLARATION1. It is a condition of employment that those holding director and director equivalent posts provide
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How to fill out master trust authorisation

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How to fill out master trust authorisation

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Step 1: Obtain the master trust authorisation form from the relevant authorities.
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Step 2: Read and understand the instructions provided with the form.
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Step 3: Gather all necessary information and documents required to fill out the form, such as personal details, purpose of the trust, and beneficiaries.
04
Step 4: Fill out the form accurately and completely, following the provided guidelines.
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Step 5: Review the filled form for any errors or missing information.
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Step 6: Sign and date the form as required.
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Step 7: Submit the filled and signed form to the appropriate authorities for processing.
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Step 8: Await confirmation or further instructions from the authorities regarding the master trust authorisation.

Who needs master trust authorisation?

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Any individual or entity who wishes to establish and operate a master trust requires master trust authorisation.
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This authorization may be necessary for financial institutions, trust companies, or individuals acting as trustees.
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Additionally, any party involved in managing collective investments or pension schemes may need to obtain master trust authorisation.

What is Master trust authorisation - Individual fit and proper Form?

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Master trust authorisation is a regulatory process through which a pension master trust seeks approval from the relevant authority to operate in compliance with specific legal standards and safeguards.
Pension schemes that operate as master trusts must file for authorisation to ensure they meet the regulatory criteria set by the governing body.
To fill out master trust authorisation, the scheme must complete the application form detailing the trust's structure, governance, financial stability, and compliance with regulations.
The purpose of master trust authorisation is to protect members' benefits by ensuring that master trusts meet operational and financial standards, thereby enhancing trust and security.
Information that must be reported includes the scheme's governance arrangements, financial viability, risk management protocols, and details about trustees and their suitability.
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