New regulations and accompanying statutory guidance compel trustees to produce detailed analyses of the costs and charges incurred by scheme members on their money purchase benefits.
The new Master Trust Authorisation legislation aims to improve the standards for master trust schemes. However, some multi-employer schemes will not appreciate that they are a master trust and that they will have to comply with the new standards.
The market for providers of AVC arrangements had seen little development in recent years, with providers doing little to change their propositions. We’ve summarised some recently announced developments, and how we can help you review your AVC arrangements.