The Government is proposing that new legislation will come into force on 5 October 2021 which will require trustees of DC schemes with assets of less than £100m to carry out an annual value for money member assessment, which they will need to publish.
Savers do not think about their pensions in a vacuum and the seismic shock that COVID-19 has delivered to economies and societies has undoubtedly left its mark.
The role of target date funds and applicability to Master Trusts
Consolidation, seeking to improve investment design, and benefit from economies of scale is providing a large tailwind for schemes to consider the move to a master trust (multi-employer scheme).
