DC REVIEW

We have a specialist team to assist employers and trustees to consider the implications of running a defined contribution (DC) pension scheme. Our team draws upon the experience of highly qualified financial advisers and technical consultants with specialist knowledge within this particular branch of corporate pension consultancy.

Acting in the best interests of the scheme members
We understand the duty of care that scheme trustees have, which is to ensure that any action taken must be in the members’ best interests. We will evaluate your needs and offer a bespoke solution to your company and the trustees. We will seek to ensure that any action you take is in accordance with legislation and the scheme’s rules. We will also ensure that you fully understand the recommendations, why they are being made and how they will benefit the members, the trustees and your company.

Enabling good member outcomes
The Pensions Regulator highlighted within its discussion paper ‘Enabling good member outcomes in work-based pension provision’ that trustees are accountable for the scheme to ensure that it delivers good member outcomes. This includes the protection of assets, scheme charges and making sure that members are aware of their options at retirement. The Pensions Regulator has also stated that their focus had previously been on defined benefit (DB) schemes but their attention will now be on DC schemes. Having a review of your current pension scheme will highlight any areas of concern as well as recommending a course of action to address any failings, and thus make sure that, if you are continuing to run a DC scheme, there is clear benefit and value to the member, the trustee and the employer in doing so.

For more information please contact:

Philip Moran
Tel: +44 20 8604 2816

Matthew Masters
Tel: +44 20 8253 7959

Email: dcreview@aforbes.co.uk