View more on these topics

Pensions regulator uncovers DC governance issues

The Pensions Regulator says a quarter of defined contribution schemes are unable to judge whether the charges incurred by members represent value for money.

A survey of nearly 600 schemes also reveals just 40 per cent of DC schemes think their overall governance is “very effective”, compared with 65 per cent of defined benefit schemes.

Executive director of DC, governance and administration June Mulroy says levels of governance “tend to be lower” in small DC schemes.

She says: “As we have highlighted previously, levels of governance and understanding tend to be lower in smaller DC schemes.

“Good governance is particularly important given the risks that members carry in DC schemes such as investment performance, value for money and converting their pension pot into an income.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm