Consultation outcome

Improving outcomes for members of defined contribution pension schemes

• From: Department for Work and Pensions and Guy Opperman
• Published: 11 September 2020
• Last updated: 21 June 2021 바카라 사이트� See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Detail of outcome

The government바카라 사이트檚 consultation response has now been published.

The response is to 2 important consultations on occupational Defined Contribution (DC) pension schemes바카라 사이트� investments and overall governance:

• this consultation 바카라 사이트� September 2020 consultation on draft regulations and statutory guidance to deliver better value for money for members of DC schemes

• March 2021 consultation 바카라 사이트業ncorporating performance fees within the charge cap바카라 사이트� on draft regulations on performance fee smoothing and a call for evidence on the issue of look-through

Over the past 12 months, the government has set out a series of measures to prepare the DC occupational pensions market for the challenges and opportunities ahead 바카라 사이트� this response finalises important next steps.

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Original consultation

Summary

바카라 사이트 response to the February 2019 consultation 바카라 사이트業nvestment Innovation and Future Consolidation,바카라 사이트� and further consultation on proposed measures to improve outcomes for Defined Contribution scheme members.

This consultation ran from
midday on 11 September 2020 to 11:45pm on 30 October 2020

Consultation description

This government response to the February 2019 consultation 바카라 사이트業nvestment Innovation and Future Consolidation,바카라 사이트� also includes further consultation on proposed measures to improve outcomes for Defined Contribution scheme members.

Please complete the which accompanies this consultation.

Alternatively, if you wish to submit information which cannot be provided via a web form, please send your consultation responses to:

Email: pensions.investment@dwp.gov.uk.

Electronic responses are preferred unless there is a clear reason not to do so. In that instance please send your responses to:

David Eaton
Department for Work and Pensions
DC Policy Team, Policy Group
Private Pensions and Arms Lengths Bodies Directorate
Zone A, 3rd Floor South
Quarry House
Quarry Hill
Leeds
LS2 7UA

Note: When responding please indicate whether you are responding as an individual or representing the views of an organisation.

Documents

Introduction

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How we consult

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Ministerial foreword

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Chapter 1: Summary

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Chapter 2: Encouraging consolidation

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Chapter 3: Diversification, performance fees and the default fund charge cap

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Chapter 4: Using transparency as a prompt

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Chapter 5: Updates to Statutory Guidance: Reporting costs, charges and other information

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Chapter 6: Other changes to legislation

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Annex A: List of respondents

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Annex B: List of consultation questions

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Annex C: Draft regulations

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ODT, 24.2 KB

This file is in an OpenDocument format

Annex E: Statutory Guidance: Value for money and consolidation

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Annex F: Non-exhaustive list of costs and charges

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Annex G: Cost and charges statutory guidance

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Impact assessment: Improving outcomes for members of Defined Contribution pension schemes

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Impact assessment: Default SIP for schemes with a default fund that is 바카라 사이트渨ith profits바카라 사이트�

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PDF, 978 KB, 112 pages

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Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

PDF, 381 KB, 25 pages

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Request an accessible format.

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Published 11 September 2020

Last updated 21 June 2021 + show all updates

1. 21 June 2021

   Added a link to the government바카라 사이트檚 response to this consultation. The response is also for the March 2021 consultation 바카라 사이트業ncorporating performance fees within the charge cap바카라 사이트�.

2. 11 September 2020

   First published.