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Raising standards in pensions governance

26 October 2014

Raising standards in pensions governance – read more

Good governance is essential to prevent savers from getting a poor deal

Following last year’s report by the now defunct OFT, which identified £30 billion of savers’ money in schemes at risk of offering poor value for money, the government has embarked on a reform programme to improve pension scheme governance. The government’s policy of auto-enrolment has already created 4.5 million new pension savers, according to The Pensions Regulator, and this figure is predicted to more than double by 2018. The vast majority of these new savers will be placed in Defined...

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