Missed opportunity: Did the DC trustee code ignore the annuity question?

The Pensions Regulator (TPR) has tightened its grip on the operation of trust-based defined contribution (DC) pensions with the commencement of its trustee code of practice. The watchdog said DC will become the "dominant form of workplace pension" due to auto-enrolment and it, therefore, wanted to ensure all consumers are enrolled into well-managed schemes which give good outcomes. In a shift from previous positions, TPR has said trustees must also now consider what happens to their members when they retire. The guidance states trustees must be familiar with options at the point of re...