Better Workplace Pensions

17 February 2015

The Government has published its response to the consultation Better workplace pensions: Putting savers’ interests first.

The consultation was conducted between October and November 2014. It sought views on draft regulations to improve the governance of workplace occupational pension schemes providing money purchase benefits. And also views on proposals in relation to charges in occupational pension schemes that provide money purchase benefits used for automatic enrolment, as well as whether the drafting of the draft charges regulations achieve the policy intention.

The response to consultation can be found on GOV.UK.

The final draft Occupational Pension Schemes (Charges and Governance) Regulations 2015, subject to Parliamentary approval, will mainly come in to force on 6 April 2015.