Today, PensionsEurope published at its annual conference Making Pensions Work - More pension saving, better pension investing a paoer on PensionsEurope paper on Key Principles of Good Governance for Workplace Defined Contribution Pension Plans throughout Europe. Across Europe there is a growing trend towards the establishment of defined contribution (DC) pension plans for second pillar, workplace pension provision. For employers to continue to offer workplace DC pension plans they need to have confidence that these plans are robust, well run and offer value for money. Good governance is therefore essential if workplace DC pension plans are to retain the confidence of employees and employers. This paper sets out 14 key principles of good governance to which we believe all workplace DC pension plans throughout Europe should adhere (as a minimum) in order to ensure this.
You can find the paper here, and the press release is available here.