Consultation outcome

Civil Service Pensions Defined Contribution Pension provider

• From: Cabinet Office
• Published: 25 September 2017
• Last updated: 9 January 2018 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

Civil Service Pensions Defined Contribution Pension provider government response

PDF, 153 KB, 16 pages

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Detail of outcome

Response to the consultation on the appointment of a new provider for the Civil Service Defined Contribution Pension Schemes.

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Original consultation

Summary

Consultation on the appointment of a new provider for the Civil Service Defined Contribution Pension Schemes.

This consultation ran from
midday on 25 September 2017 to 11pm on 25 October 2017

Consultation description

Cabinet Office as Scheme Manager is seeking to make changes to the providers of the Civil Service Defined Contribution (DC) Pension Schemes, so that the schemes remain suitable. Specifically, Cabinet Office is seeking to appoint a single provider for the DC pension schemes to:

• ensure a wide variety of investment options are available for members
• reduce charges paid by members
• increase access to flexible benefit options directly from the pension schemes
• simplify the administration requirements for employers
• simplify the governance requirements for the Scheme Manager

Following a robust procurement exercise the Scheme Manager has identified Legal and General as the preferred provider. We welcome members’ comments on the selection of Legal and General, the transition process should the changes proceed and future scheme developments.

Documents

Civil Service Pensions Defined Contribution Pension provider

PDF, 125 KB, 11 pages

Published 25 September 2017
Last updated 9 January 2018 + show all updates

1. 9 January 2018

   Outcome added.

2. 25 September 2017

   First published.