Pensions Regulator announces changes to the DC scheme return for 2024

The Regulator has issued an online announcement about upcoming changes to its DC scheme return.

Changes include new questions on the following topics:

• Scheme leavers - Schemes will be asked for information about members who have left the scheme over the 12-month period before the date of the most recently provided membership information. New questions include details on members transferring to master trusts or other schemes and those taking decumulation benefits, both using and not using a partnership arrangement.
• The scheme’s pensions dashboard primary contact.

There will also be updated questions on:

• Objectives for investment consultancy providers, including when the objectives were set and when they were last reviewed.
• Information about certain benefit types, including the number of members receiving each benefit and the asset value the members received.

The Regulator will send out scheme return notices from August 2024 up to the end of the year.