Getting ready for value for member assessments

Kate Smith looks at how trustees can find an appropriate comparator scheme and decide their next actions

clock • 3 min read
Smaller schemes will need to demonstrate that they provide good value for members
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Smaller schemes will need to demonstrate that they provide good value for members

The Department for Work and Pensions (DWP) has been looking at ways to encourage smaller scheme consolidation so that all members benefit from higher standards of governance and have access to a wider range of services and investment strategies at lower cost.

The number of smaller occupational pension schemes has been slowly declining but the DWP wants to accelerate this trend by introducing a new annual assessment of good value for members. This has the potential...

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