Governance and best practice in workplace pensions

Inquiry status: Report and Government Response published.

The Committee looks at issues including transparency of charges and costs; communication between pension schemes and members; how small pension pots should be managed; assistance for scheme members in making investment decisions and assessing risks, including when converting to annuities; whether greater economies of scale are possible within the sector; the appropriate balance between regulation, self-regulation and good governance ; the implications of the changing balance between Defined Benefit and Defined Contribution schemes and their future prospects.

The inquiry includes oral evidence from representatives of the pensions industry, regulators, pension experts and commentators, consumers and the Government.

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