TPR sets out features DC schemes must demonstrate

The 36 features underpin the six principles published by the watchdog in December 2011 and are aimed at product providers, trustees and employers. TPR chief executive Bill Galvin (pictured) said the features will be like "motherhood and apple pie" to some providers, but insisted they need to be demonstrated. He said: "The key issue for us is: how can the presence of those six principles be demonstrated across an industry that is very complex? "We have been working with the industry extensively looking at what features we might look for as a regulator and we might direct employers a...