Automatic enrolment: Alternative quality requirements for defined benefits and hybrid schemes being used as a workplace pension
This call for evidence is aimed at employers, employee representatives and pension industry professionals, including scheme administrators, actuaries, independent financial advisers and employee benefit consultants.
Regulations made under Section 23A(1) set out the alternative quality requirement for defined benefit pension schemes that are used for automatic enrolment. The requirements allow for simpler alternative tests to be used so that a scheme can demonstrate that it is of sufficient quality to be used by employers to fulfil their automatic enrolment duties.
This call for evidence aims to ascertain whether the government’s policy intentions in this area are continuing to be being achieved. In particular it looks at how the simplifications and flexibilities work in practice, and whether any new issues have arisen since the last triennial review in 2020.