Keepmoat Pension Plan (“the Plan”) - Governance statement for defined contribution pension arrangements and Statement of investment principles
The governance statement available to download on this website has been prepared by the Plan’s Trustee to report on compliance with governance standards introduced under The Occupational Pension Schemes (Charges and Governance) Regulations 2015 and amended by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018.
These governance standards relate to defined contribution (“DC”) benefits, also commonly referred to as money purchase benefits.
An extract of the governance statement can be found below which includes:
- details of the Trustee’s review of the default investment arrangement
- details of the costs and charges incurred by members under the Plan
- example illustrations of the impact on pension pots of these costs and charges (the illustrations have been produced in line with February 2018 guidance from the Department for Work & Pensions entitled “Cost and charge reporting: guidance for trustees and managers of occupational schemes”), and
- details of the Trustee’s assessment of the extent these costs and charges represent value to members.
Also available to download on this website is the latest Statement of Investment Principles signed on 18 June 2020, which is being published in line with The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 as amended by The Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018 and the latest Implementation Statement which sets out how, and the extent to which, the Statement of Investment Principles (SIP) produced by the Trustee has been followed during the year to 5 April 2021.