Pensions - Articles - Annual DC survey supports the rhetoric big is better

TPR have distributed a press release on the ‘unacceptable’ scale of underperformance in small pension schemes revealed in this year’s Defined Contribution (DC) survey.

 Paul Leandro, Partner at Barnett Waddingham, believes the survey supports the rhetoric ‘big is better’.

 Paul said; “The survey results support the rhetoric that ‘big is better’, and together with the increasing level of governance requirements on trustees, it’s no surprise that 43% of small schemes are considering wind up. As the Master Trust Authorisation process nears its conclusion, we expect to see an increasing amount of DC assets flow to the Master Trust market.

 “However, trustees should take the selection of the receiving Master Trust seriously and should take time to consider the impact on members and ensure any pension scheme change improves the potential outcome for members – after all, decisions around where assets are held can have a direct impact on people’s lives in future.”

Back to Index

Similar News to this Story

Benchmarking DB transfers against workplace pensions
Under new rules to be introduced from 1st October, IFAs who are recommending a transfer out of a DB pension will need to benchmark the proposed destin
Comment on BBCs verdict to end free TV licences for over 75s
Please see the below comment from Steven Cameron, Pensions Director at Aegon, on the BBC’s decision to go ahead with a plan to end free TV licences fo
PPF supports struggling levy payers with payment extension
The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interes

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.