DC consultation response
Millions of workers will join a pension scheme for the first time as part of automatic enrolment, but for many this will not be an active decision. Most will rely on someone else to look after their interests and choose products which are built to deliver good member outcomes.
To ensure that The Pensions Regulator is suitably placed to respond to the dynamics of a changing pensions landscape, we started a detailed programme of activities in 2010 aimed at the defined contribution (DC) market. Discussions with key industry stakeholders intensified during 2011 with the publication of a discussion paper. This was followed by a series of detailed discussions about the characteristics of a quality DC scheme.