DC Asset Security

A guide for trustees

Understanding the security of DC members’ assets is an important, and often complex, task for trustees. The Pensions Regulator requires trustees not only to understand the levels of protection that are in place if there was any failure in relation to the scheme’s managers or platform provider but also to let members and employers know about the results of their investigations.

The Working Party on the Security of DC Assets has been running for around three years and aims to help trustees better understand this complex issue and to provide help in identifying the types of questions they should be asking their managers and providers and communicating the results to members. The Working Party are engaging with a number of the main industry bodies to get further clarity on this issue and will provide updates as these become available.

We currently provide two reports which you can download below. One of these sets the scene in respect of the DC Code and the potential issues which may arise regarding Security of DC Assets. The second report is a Communications guide to help Trustees pose suitable questions to their advisors, investment providers and platform managers regarding Asset Security.

We hope you find the guides helpful and would welcome any feedback based on your own investigations of this issue.

Download the DC Assets report
Download the DC Assets Security Communications Guide

Security of DC Assets Working Party Members:

Rona Train (Chair)
Partner, Hymans Robertson LLP

Barry Parr
Trustee and Former Co-Chair AMNT

Anna Copestake – Senior Associate / Jane Kola - Partner
ARC Pensions Law

Andy Cheseldine
Client Director, Capital Cranfield

Stuart OBrien

Partner, Sacker & Partners LLP

Michael Craig
Head of Product and Technical Consultancy, Standard Life

Laura Myers

Partner, Lane Clark & Peacock LLP

Jason Bullmore

Investments Proposition, Aviva

Hugh Skinner

Head of UK DC Investment, Fidelity International

For further information or images, please contact:

Matthew Whitbread / Alexander Burley

Hill + Knowlton

matthew.whitbread@hkstrategies.com / 020 7413 3515

alexander.burley@hkstrategies.com / 020 7973 5925

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