Actuarial Post

What do the new DC Code requirements mean for your scheme

For scheme years ending on or after 6 April 2018, trustees of defined contribution (DC) schemes will need to meet new governance requirements. Since 6 April 2015, trustees of trust-based pension schemes providing DC benefits have been required to prepare a mandatory annual governance statement, called the ‘Chair’s Statement’. This must be signed by the chair of trustees and included in the scheme’s annual report and accounts.

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