The regulator and FCA issue a guide on how workplace DC pensions are regulated to protect consumers
One of the areas highlighted last year by the Pensions Regulator was the regulation of workplace defined-contribution (DC) pension schemes, particularly contract-based arrangements such as personal pension schemes and group personal pension schemes, which are commonly being used by employers for auto-enrolment purposes. The regulator shares the regulation of these and some other arrangements with the Financial Conduct Authority (FCA), and in an attempt to clarify the roles of each in protecting consumers, the regulator and FCA, on 21 March, published an overview of how workplace DC pensions are regulated, particularly aimed at market participants such as employers, trustees and pension providers…
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