The Pensions Regulator (TPR) has launched a consultation on its proposed new regulatory approach to workplace defined contribution (DC) schemes ahead of full-scale auto-enrolment.
The regulator is seeking industry feedback on its regulatory approach, including an updated list of its 31 DC quality features; a DC code of practice for trustees of occupational trust-based DC schemes; and its DC regulatory guidance, which it says will offer more guidelines not included in the code to help trustees implement the quality features. Points for consultation include measures to enforce compliance where schemes are failing; the regulator's particular attitude to small schemes and master trusts; guidance on trustee education; and the role in improving member outcomes for the m...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
