Consultation outcome

Quality standards in workplace defined contribution pension schemes

• From: Department for Work and Pensions
• Published: 4 July 2013
• Last updated: 27 March 2014 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

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.

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Original consultation

Summary

A call for evidence seeking views and evidence on quality standards in workplace defined contribution schemes and possible approaches to ensuring these.

This consultation ran from
4 July 2013 to 11:45pm on 9 September 2013

Consultation description

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
• scale

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.

Documents

Quality standards in workplace defined contribution pension schemes

PDF, 237 KB, 25 pages

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Published 4 July 2013
Last updated 27 March 2014 + show all updates

1. 27 March 2014

   Moved impact assessment 'Minimum Governance Standards for DC workplace pensions: impact assessment' to https://www.gov.uk/government/consultations/better-workplace-pensions-a-consultation-on-charging.

2. 27 March 2014

   Published link to Better workplace pensions: further measures for savers, which addresses the findings from this call for evidence. Published an impact assessment relating to minimum governance standards for defined contribution workplace pensions.

3. 4 July 2013

   First published.