Achieving value for DC Pensions: Impact of Charging and Returns

Key objectives:

• model the effect of different charging structures on DC funds, allowing for different contribution patterns
• consider how different investment funds might necessarily impose different charges, and investigate the likelihood that those charges could be considered ‘value for money’
• consider how different charging structures can be explained to members, particularly with a view to ease of understanding
• Take into account recent developments in DWP (eg Steve Webb announcement and amendment to Pensions Bill for full disclosure of expense charges)
• ​identify any areas of risk to Institute and Faculty of Actuaries, in terms of guidance (eg SMPI and TM1)

Outputs:

These are being decided upon at present and will be stated here in due course.