Our top priorities – master trusts and automatic enrolment
Addressing the quality and viability of master trusts, and continuing to help small and micro employers meet their automatic enrolment duties, are our top priorities. Read about what else is on our agenda over the next three years in our recently-published Corporate Plan.
You’ll also find more details about our ‘educate, enable and enforce’ approach to regulation, our targets and how we’ll measure them, along with how we allocate our resources.
New DC guides out for consultation
We’ve just launched a series of 'how to' guides to help trustees implement our draft defined contribution (DC) code.
The guides, which are currently out for consultation until 11 May, have been designed to support the new shorter code and explain to trustees how they can demonstrate compliance with the law in key areas such as scheme returns and the chair’s statement.
We’ll soon be sending out the scheme return for trustees of DC schemes to complete. Find out more about the changes using our checklist.
As well as some new questions around charge controls, this year the scheme return will ask questions to identify if the requirement to produce a chair’s statement applies to the scheme. If it does, the trustees need to declare whether or not their scheme has produced this statement – if they need to but haven’t, they could receive a £2,000 fine.
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