Just 51 per cent of medium DC schemes and 18 per cent of small schemes display the necessary features for good outcomes for retirement savers according to research conducted among 300 trust-based occupational DC schemes by The Pensions Regulator (TPR)

The figures are in direct contrast to larger defined contribution (DC) schemes where 75 per cent said that they have 15 out of the 21 features necessary for healthy retirement outcomes.

Trust based occupational DC schemes were tested in areas involving investment, governance standards, value for money and communication to members.

The regulator’s chief executive Bill Galvin said: “As a result of automatic enrolment, the vast majority of workers will be saving for their retirement in workplace pension schemes. We want to see workers auto-enrolled into high quality, value for money schemes, where those running the scheme are properly engaged and fully focused on the interests of a largely passive membership.”

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