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DC schemes asked to confirm compliance with charge controls
DC scheme returns will be issued to schemes in the coming months and the regulator is urging trustees, and those completing returns on behalf of trustees, to ensure they fully understand the new requirements where relevant.

As a result of new legislative requirements introduced on April 6, trustees and managers of occupational defined contribution (DC) pension schemes will be asked to confirm whether or not they comply with new charge controls. Other new questions added to the scheme return will include confirming the name of a scheme’s chair of trustees or managers. A guide to what’s new in this year’s scheme return and how to complete it in full is now available on our website - http://tinyurl.com/pjzavxn


Andrew Warwick-Thompson, executive director for DC and public service pension schemes, said:

“The regulations which became law in April place new requirements on trustees and are designed to drive up standards of governance across DC workplace schemes. A key part of our remit is to educate and enable trustees and managers to ensure they understand how to satisfy these new regulations and, in doing so, provide assurance to scheme members that their pensions savings are being looked after properly.”

See here for more details - http://tinyurl.com/qcg7djy
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