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Tuesday, 10 November 2020
PSGS’s response to the ‘Improving outcomes for members of defined contribution pension schemes’ consultation was very much clarity comes through simplicity. The risk, by no means new, is sensible principles become less effective in practice because of the volume and complexity of requirements pension trustees need to meet.
All defined contribution (DC) pension scheme members deserve good value. Whilst the policy intent to consolidate smaller DC schemes to bring about good value is to be welcomed, some of the proposals could actually increase complexity and/or cost – two factors that work against achieving good value.
Read a summary of our response to the consultation below.
Download consultation response
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