Source · Select Committees · Work and Pensions Committee
Recommendation 11
11
Rejected
Paragraph: 52
We recommend that the Pensions Regulator works with the Royal Mail to develop a toolkit...
Recommendation
We recommend that the Pensions Regulator works with the Royal Mail to develop a toolkit for other employers looking to set up similar schemes.
Government response summary AI-generated
The government disagrees with the proposal to automatically book Pension Wise appointments, citing issues with the approach, and says it is considering further encouraging early engagement with pensions guidance.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
52
Government Response
Rejected
HM Government · verbatim extract
Rejected
TPR has recently published the code of practice for CDC pension schemes for consultation. They will also look to publish guidance as appropriate to support trustees. Whilst the code of practice is primarily for trustees, they think that the code and any further guidance could also be used by employers and their advisers in understanding the requirements of setting up a CDC scheme. They do not consider that a toolkit would be able to go further than the code in setting out the requirements to establish a CDC scheme. While initially CDC schemes will be limited to those set up by single employers, or two or more connected employers, the Pension Schemes Act 2021 contains powers to enable further developments of the CDC market, such as multi-employer schemes. DWP looks forward to working with the TPR and industry on any development and expansion of CDC schemes.
Read the full response on Parliament ↗