Work in progress: Financial services regulation: Defined contribution pension schemes

Study outline

Defined contribution pension schemes are rapidly gaining in importance for the provision of retirement income to workers in the private sector. Any failure to provide effective protection for the benefits of members of these schemes creates risks for individual members, and increases future financial liabilities for the taxpayer if this contributes to people having insufficient funds to finance their retirement.

Our study will focus on whether the regulation of defined contribution schemes by the Pensions Regulator effectively addresses the key risks to scheme members, while taking into account the overlapping responsibilities of the Financial Services Authority with regard to contract-based schemes.

Publication schedule

We aim to publish this report in spring 2012.

Members of the NAO team

Director: Alex Scharaschkin

Audit Manager: Elena Bechberger

Media contact: Phil Groves, Press Office
T: 020 7798 5339
M: 07770 678477

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