Detail of outcome
On 27 March 2014 the government published the command paper Better workplace pensions: further measures for savers in response to this call for evidence, as well as the DWP consultation on measures to tackle pension charges for employees in workplace defined contribution (DC) pension schemes. New measures outlined in the paper were also based on the findings from the Office of Fair Trading market report into workplace defined contribution schemes.
An impact assessment relating to minimum governance standards for DC schemes has also been published here.
This call for evidence focuses on 4 areas which can influence the size of an individual’s final pension pot:
- scheme governance
- investment and default options
- administration and record keeping
The call for evidence is primarily aimed at people designing, advising on and running defined contribution schemes. As well as trustees, pension providers, employee benefit consultants and advisors, this includes people otherwise involved in pension governance, administration and investment. We welcome comments from other interested parties too.