The Pensions Regulator should take a step back from its proposals to regulate risks in defined contribution schemes as it could lead to unintended consequences for smaller work-place pensions, warns Aegon.
In its response to the Regulators consultation on DC risks, which closes today, Aegon points out the current focus of the proposals fails to address the real risks members face in a DC pension. The 56-page consultation, which was published in November, outlines the Regulator’s plans which centre around three main areas: Improving education and guidance: through existing codes of conduct, and e-learning programme and the publication of “Good Practice Guidance”. Partnership working: where it plans to build on existing strong relationships with other regulatory bodies and the pensions i...
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