Pensions - Articles - Improving outcomes for DC pension schemes consultation

 David Fairs, TPR’s Executive Director of Regulatory Policy, Analysis and Advice, said: “We welcome the Department for Work and Pensions’ consultation on improving outcomes for members of defined contribution pension schemes.

 “The proposals call on schemes with assets under £100 million to carry out a more rigorous annual assessment of their value for members. If those schemes cannot demonstrate they offer good value, they will have to tell us whether they plan to improve or consolidate.

 “This is in line with our aim to cut the number of poorly run schemes in the market so every saver benefits from being in a pension scheme with excellent standards of governance and which delivers good value.”