Defined Contribution

People’s Partnership’s Phil Brown explores the DWP’s recent DC reforms

The pensions industry says the reforms have the potential to transform the sector

Laura Trott says improving fairness, adequacy and predictability will be central to policy

DWP proposes key metrics, standards and data disclosures for DC schemes on VfM

Seeks views on expansion of provision to include multi-employer schemes and decumulation

The DWP said regulations will be brought into force by the Spring

Work is focussed on default consolidator model and pot-follows-member

The schemes are seeking views on ways they can invest in natural capital such as forestry

Number of DC schemes decreased by approximately 2.5% in 2022