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Webinar for DC trustees DC, governance and administration

Webinar for DC trustees DC, governance and administration. Darran Burton , head of DC regulation Phil Spary , policy lead - accountant 6 March 2013. Key components of our DC regulatory approach. Enforcement: monitoring, investigating, putting things right. Our enforcement approach

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Webinar for DC trustees DC, governance and administration

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  1. Webinar for DC trusteesDC, governance and administration Darran Burton, head of DC regulation Phil Spary, policy lead - accountant 6 March 2013

  2. Key components of our DC regulatory approach

  3. Enforcement: monitoring, investigating, putting things right • Our enforcement approach • consists of three activities: • Monitoring Gathering information to help us identify and monitor risks of non-compliance with legal requirements • Investigating Assessing whether what we find is a potential breach of the law and requires further action • Putting things right Measures we can use to resolve problems we have identified.

  4. Our segmentation of the market DC landscape Large, employer-sponsored trust-based schemes Master Trusts Work-based personal pensions Consistency with the six DC principles and DC quality features, strengthened through ‘Comply or Explain’ and independent voluntary assurance and tested through thematic reviews To be used for auto-enrolment Small and medium trust-based schemes Micro trust-based schemes Not to be used for auto-enrolment

  5. DC code structure • Reference document split into five broad sections • DC quality features determine the content in each area and set them in the context of their legal framework • Who does the DC Code apply to? • Relationship with other codes of practice

  6. DC code: key messages Restricted policy

  7. DC guidance: key messages

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