By Matt Ritchie
The Pensions Regulator has outlined draft features to help trustees and providers deliver good outcomes from defined contribution pensions, in line with the six principles it released last year.
A tool designed to help employers check whether their scheme meets the minimum criteria for auto-enrolment has also been produced.
In addition, Selecting a good automatic enrolment scheme sets out a number of questions employers may want to ask advisers or product providers when they are selecting a scheme for auto-enrolment, or when assessing their existing scheme.
The Pensions Regulator chief executive Bill Galvin said it was important employers and savers are able to be confident that their scheme will deliver good outcomes.
“With these principles and features, we want to support the industry in demonstrating to employers and members that schemes are well designed and governed. These will also form an important part of our regulatory approach – we will consult formally on that in 2013. In the meantime, we hope that those responsible for designing and running schemes to be used for auto-enrolment will take these principles and features into consideration.”
Access the draft features here, the employer tool here