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Barnett Waddingham
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Joint TPR & FCA guide on regulation of DC pensions welcomed

Published by Mark Futcher on

A new guide that sets out how The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) regulate defined contribution (DC) workplace pensions has been launched today. Commenting on the guide, Mark Futcher, says:
“This guide is a welcome development for the DC industry”
Mark Futcher, Partner
Barnett Waddingham

“This guide is a welcome development for the DC industry, good governance is the key for any successful DC arrangement and ultimately leads to the best outcome for members.

“Underlying all DC schemes are the same fundamental issues and sponsoring employers should ensure that they are getting their employees the best outcome for their spend. Whether there is a legal duty or not, this is good business practice.

“We have seen pressure on contract based pension providers to increase the governance and oversight surrounding their platforms and I think we will soon see a formal duty placed on the employer to ensure that their auto-enrolment scheme complies with a minimum standard”

About the author

  • Mark Futcher

    Mark is the Head of Workplace Wealth (including DC), advising a range of UK businesses on their workplace health and wealth issues; essentially, anything that employers use to recruit, retain and improve their workforce.

    View Biography

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