DC governance

When delays can be taxing … the 5 April deadline

Angela Stafford

No matter how good your scheme administration is, slip-ups can happen for a variety of reasons – human error, member misunderstanding, general administrative delays – but with the end of the tax year looming, the consequences of a mistake, particularly relating to DC contributions, can be much more significant.  The annual allowance rules are increasingly Read More

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Do you meet the Pensions Regulator’s expectations? Six points to note in the draft DC Code

Helen Powell

Two years ago the Pensions Regulator brought in a new Code of Practice on the governance and administration of DC schemes, and trustees and providers started work on ensuring that they were operating in line with its 31 quality features. With almost undignified haste, that Code was overtaken by events, following the introduction of DC Read More

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New DC regulatory standards: ready or not, here they come…

Helen Powell

This time last year, if a Government document had landed on my desk announcing new governance standards for pension scheme trustees including assessing value for money, ensuring prompt and accurate processing of core financial contributions and preparing a new default fund statement of investment principles, that would have been quite a big deal. In the Read More

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DC pension investments: duties, rules and risks

Jonathan Goodwin

Last year I posted a piece about where responsibility falls for investment choices in DC schemes*. I pointed out risks for trustees and possible exemptions from liability.  The question of how far these can go came up recently when I was going through a draft trust deed with a member-nominated trustee client. Read More

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DC retirement processes – what should trustees be doing?

Caroline Overton

 One of the first stories to hit the pensions press this year has been the debate about switchable annuities. Insurers have reacted strongly against Steve Webb’s plans for pensioners to be able to change their provider to access a better deal elsewhere. His thinking is that members may not always be getting the best deal Read More

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