TPR launches pilot to boost single-employer DC trust oversight

The watchdog has contacted more than 500 DC schemes with between two and 999 members as part of the project - which was initially announced in September last year - in a bid to toughen its approach to such schemes and boost governance.   The regulator has asked trustees to confirm if the strategy and performance of their schemes' default funds have recently been reviewed and remain suitable. Under UK law, a pension scheme that provides money purchase benefits must review its default strategy and the performance of its default arrangement every three years, or when there is a significa...