DC briefing – October 2014
Welcome to the first edition of our DC briefing, which highlights topical news on DC pensions from a legal viewpoint.
We are living in times when DC pensions are regularly hitting the headlines and generating political debate. All eyes are on April 2015 when a host of changes will go live and the doors will open to either a world of flexibility or Pandora’s box (depending on your opinion). Either way, “retirement savings” will never be quite the same again.
Speaking to both trustees and employers, it seems there is so much going on that it can be difficult to work out what to do for the best. Clearly, there is a difference between what must be done and what could be done. You do not need to do everything by next April – many schemes have limited resources and there is only so much you can do in the time available.
Schemes can get through the next few months by prioritising and not trying to do too much too quickly. It is an important time in the industry for us all to ask each other questions – no question is ever too small or silly. We have picked on some of the common questions of the moment in this first issue and our new briefing. We hope you enjoy it, and would welcome your feedback.