Pensions regulator launches DC quality standard tool

Pension schemes will now be expected to publish a governance statement as part of its DC code of practice. It must be easily available to members and employers and confirm the scheme meets quality features. Trustees will have to explain why any features are not present and detail action needed to correct the situation. TPR has launched a standardised template for the governance statement. The tool, available on the regulator's website, can also be used to monitor scheme improvements beyond minimum standards. While the completed template does not need to be published, it should b...