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PMI
7 July 2021

Value for money – the trustees’ conundrum

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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. 

They are left with three key questions

  1. What are the consequences of doing nothing?
  2. How realistic is it to improve their own scheme?
  3. What do they need to consider if they move to a Master Trust?

This is their conundrum, do they stick or twist?

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Last update: 11 June 2021

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