Bluefin pushes against over-regulation of active member discounts

AMDs are widely expected to be phased out once auto-enrolment reforms kick in. TPR also said in its latest paper for defined contribution (DC) trustees it does not consider AMDs appropriate for trust-based schemes. Robin Hames, head of technical, marketing and research at Bluefin said he supports the view on trust-based schemes, but warned the regulator not to take the same approach to contract-based schemes. "TPR needs to take a number of issues into account before taking such a broad brush approach to contract-based schemes such as group personal pensions (GPPs)," he said. "Th...