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Our monthly communications covering topical issues for DC pension schemes, with a particular focus on the National Pension Trust.
Over 90 large employers have chosen to use the National Pension Trust (NPT) to help individuals to access their pension savings flexibly. In this month’s edition we consider why and what this looks like from a member’s perspective.
The Government is proposing a new cap on the charges applied to members of Defined Contribution (DC) pension schemes. The cap is designed to ensure members are able to make the most of the DC pension retirement flexibilities introduced in April 2015. In this edition, we consider what this is likely to mean for DC schemes.
Freedom & Choice – One year on. Until April 2015, most members of DC pension schemes accessed their pension benefits by purchasing an annuity. Since then most have not. In this edition we consider developments over the last 12 months and how the National Pension Trust is effectively supporting members to make the right decision for them.
Many employers historically set up GPPs / Stakeholder Pension Plans to avoid the cost and risk associated with trust-based schemes. However, the lack of governance of such arrangements is now posing reputational, duty of care and regulatory risks to Employers. In this edition we consider how the National Pension Trust addresses these risks, ensuring employees are supported and enabling employers to focus on running their business.
In this edition we consider the potential impact of the new DC Code and how the National Pension Trust already meets and exceeds the proposed new requirements on participating employers’ behalf.