Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
United Kingdom | Publication | November 2023
In a blog post published on November 15, 2023, the Regulator outlined its strategy to transform UK workplace DC schemes into "full-service providers" that will provide support to members when saving into a pension, accessing their savings and post-retirement.
The Regulator acknowledged that some DC scheme trustees do not have the skills, capability, or appetite for this outcome, and urged them to ask themselves "tough questions" and consider consolidation in savers' interests.
The blog refers to the Regulator's five principles on "what good looks like" to guide this transformation. These are: maximising value for money; mitigating risks; offering personalised decumulation options; and providing comprehensive saver support in the lead-up to, and during, decumulation and post-retirement. Some key challenges in turning these principles into a reality include:
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
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