The Pensions Regulator has published two initiatives outlining how it plans to address the risks to members from defined contribution (DC) schemes.
It has released the latest instalment in its Trustee Toolkit: “How a DC Scheme Works” alongside a 56-page consultation paper on how the Regulator plans to regulate DC schemes. The new module of the Trustee Toolkit, the Regulator’s free online learning programme for trustees, is specifically aimed at DC scheme trustees and includes information on contributions, the tax regime and investment choices, and the administration of the scheme. Meanwhile the consultation, which closes on 2 February 2007, outlines the regulators approach to DC schemes which focuses on three areas: Improvi...
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