DC schemes at risk from regulatory regime-L&G

He highlights that from 2001 to 2007 there were over 400 sets of pensions regulations published while running costs rose by 51% on average from 2005-7. With numerous safeguards and regulations, he says DC schemes could suffer the same fate as defined benefit (DB) schemes which were destroyed gradually by a number of rule changes and regulatory constraints. Richards says: “The good intentions of government, regulators and professional bodies may have caused more harm than good. Essentially, they have combined to turn pension provision from a simple part of the remuneration package, ove...