CMS Pensions Briefing DC Schemes and Master Trusts - November 2020

Welcome to the first of our new regular briefings on topical issues facing defined contribution (DC) pension arrangements.
With the steady decline of DB pension provision, DC pension offerings have grown in prominence. At the same time, the landscape of UK pension provision is becoming increasingly diverse – and more regulated. There are now almost 30,000 occupational pension schemes with two or more DC members and, since the advent of the master trust authorisation and supervision regime, 38 authorised DC master trusts.

In this briefing, we explore some of the key trends that are driving the development of DC pension provision in the UK – from climate change-related requirements to consolidation. We also look at the new practical requirements for implementation statements that schemes and trustees are getting to grips with, and think about best practice for communicating with embers during these difficult times.

This briefing covers the following:

• Taking action on Climate Risk 
• DC Consolidation – DWP’s response to Consultation 
• Communicating with Members during the Pandemic 
• Implementation Statements 
• DC Investment in Infrastructure: Unlocking Patient Capital 
• DC Master Trusts: A focus on Governance 

The CMS Pensions Briefing DC Schemes and Master Trusts  for November 2020 can be downloaded below as a PDF.