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Will contract-based pension schemes be required to have independent governance boards?

Topic:

Legal & governance

Date published:

Monday, 9 June 2014

It can be difficult to keep up with the multitude of proposed reforms and new guidance concerning the governance of defined contribution pension schemes.

In this article, I look at the implications and challenges posed by a number of these proposed reforms including Labour’s commitment to independent trustee boards for all pension schemes, and the proposed flexibility for members when it comes to taking their DC funds. I also consider what this, together with the Regulator’s new DC code of practice and guidance, may mean for the regulatory future of group personal pensions.

James Double, Scheme Manager

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