OFT: Defined Contribution workplace pension market study: NAPF response
The NAPF has responded to the Office of Fair Trading’s (OFT) consultation on whether it should make a Market Investigation Reference based on the concerns it has on the DC landscape and its impact on consumers.
The NAPF has welcomed the OFT’s report, though it is concerned that some of its short and medium term recommendations do not go far enough to ensure adequate standards are met by all DC pension schemes through independent and strong governance and better regulation, among other things.