DC schemes warned to prove value or wind up

TPR warns DC schemes they must prepare a more rigorous value for money assessment

Holly Roach
clock • 1 min read
Schemes must also carry out a self-assessment of their scheme’s governance and administration
Image:

Schemes must also carry out a self-assessment of their scheme’s governance and administration

The Pensions Regulator has warned smaller defined contribution (DC) pension schemes they must prove their value to savers or wind up.

The regulator warned the schemes they must prepare a more rigorous value for money assessment in line with regulations coming into force from next month (1 October). The regulations mean trustee...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Major master trusts express concern over government's approach to DC consolidation

Major master trusts express concern over government's approach to DC consolidation

Smart Pension and SEI both raise concerns over chancellor’s plans and timelines

Jonathan Stapleton
clock 18 November 2024 • 5 min read
'Decisive action' needed to address £100,000 gender pensions gap

'Decisive action' needed to address £100,000 gender pensions gap

20th Scottish Widows ‘Women and Retirement report’ addresses progress on gender pensions gap

Jasmine Urquhart
clock 13 November 2024 • 4 min read
Pensions dashboards could lead to more than £2bn in lost savings by 2030

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Research finds two-fifths of savers likely to use dashboards to carry out a pension transfer

Martin Richmond
clock 13 November 2024 • 3 min read
Trustpilot