Regulator issues tools for assessment of an annual governance statement in relation to occupational DC pension schemes
Last year, the Pensions Regulator formally launched a governance framework for occupational defined-contribution (DC) pension schemes, by putting in place a code of practice and guidance in relation to the governance and administration of such schemes.
The regulator has said that it expects trustees of such schemes to publish an annual governance statement to demonstrate that their scheme satisfies the code of practice…
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For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
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