Responding to the DWP consultation. we support the development of a Retirement Collective Defined Contribution (RCDC) model that is transparent, well-understood by members, and straightforward for trustees to operate. Clear communications requirements, alignment with the guided retirement framework, and certainty over trustee disclosure duties are essential to delivering a workable regime that enhances member engagement ...more...
We have today issued an updated version of its ‘Code of Practice’ for Professional Corporate Sole Trustees (PCSTs) of pension schemes to be effective from 1 January 2026, to allow time for firms to update their processes and procedures, where required. The Code – first introduced in 2021 – applies to all APPT’s 450 members ...more...
In written evidence to a Work & Pensions Select Committee investigation examining how discretionary increase decisions are presently made by pension schemes, including pre-97 increases, we have said pension scheme trustees should not lose the ability to exercise discretion. More…
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In evidence to the Public Bill Committee on the Pension Schemes Bill, we have commended the Government’s efforts to modernise DB scheme regulation and unlock value in a prudent, member-focused way. We say professional trustees are ready to play a central role in implementing a fair and transparent surplus framework that balances security, flexibility, and ...more...
Responding to the FCA’s proposals on Supporting consumers’ pensions and investment decisions: proposals for targeted support we say we are broadly supportive of the overall policy intent. Targeted Support will, if done well, improve outcomes for members and will fill a significant advice gap in a cost-effective way. However, care will be needed to ensure ...more...
