01 August 2019

Poor governance at the smallest schemes putting retirement of members at risk

1 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Corporate PR Specialist – Long Term Savings

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Responding to The Pensions Regulator’s DC survey, Helen Morrissey, pension specialist at Royal London, said:

“Today’s figures show the shocking state of underperformance, particularly among the smallest schemes. Poor scheme governance puts the retirement savings of scheme members at very real risk. If standards cannot be improved within these schemes then steps must be taken to wind them up.”

Notes to Editors

The Pension Regulator’s DC Survey can be found here

 

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.