The Pensions Regulator (TPR) emphasizes the urgent need for trustees to prepare for the upcoming Pension Schemes Bill. Patrick Coyne, TPR's Interim Director, outlined four key themes that trustees should focus on: enhancing saver outcomes, building scale, innovating retirement options, and leveraging data. He urged trustees to assess their investment strategies, consider consolidation for better value, and initiate discussions on decumulation products. The Bill is set to significantly transform the Defined Contribution (DC) landscape, making preparation crucial for maintaining service quality and governance.
"I urge trustees to look now at how they are outcome-focused, building scale, are data-led and supporting savers into retirement."
"The Pension Schemes Bill will fundamentally reshape the DC market. There are a number of steps that schemes can take now to get ready."
Collection
[
|
...
]