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ARTICLE · 19 MARCH 2014

Is Your Defined Contribution Pension Scheme Up To Scratch?

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Over the past year the Pensions Regulator has started to look seriously at the governance of money purchase pension schemes.

United KingdomEmployment and HR
Alan Jarvis
Alan Jarvis
Elmer Doonan
Elmer Doonan
Andrew Patten
Andrew Patten
Jay Doraisamy
Jay Doraisamy
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Over the past year the Pensions Regulator has started to look seriously at the governance of money purchase pension schemes. In July 2013 it produced guidance explaining the type of good quality pension schemes it expected employers to provide to their workers to comply with auto-enrolment. Then it released a set of defined contribution guidance (dealing with good practice) and a code of practice (dealing with legal compliance) in November 2013.

Continuing in this vein the Regulator has now produced a governance statement for trustees to complete, and an online tool to help employers and trustees check that their scheme meets the Regulator's expectations: Tools to run a quality DC Scheme

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