New annual reporting requirements for defined contribution schemes: how trustees should prepare26 Aug 2015
FOCUS: Trustees of defined contribution (DC) pension schemes should be getting ready to put together their first mandatory annual report, which must include a statement by the chair of trustees confirming how the scheme is meeting the new governance standards....
Trustees of defined contribution (DC) pension schemes risk future regulatory action and possible fines if they do not implement new governance standards, the Pensions Regulator has warned.
Financial advisers have been asked to contribute to an industry survey that seeks to establish whether they are spending more than the 12% of their income reported last year on regulatory and compliance measures.
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