Understanding your role
Your duties are wide-ranging - from the collection of contributions to the investment of assets and payment of benefits. Scheme members look to you to make sure that their pension benefits are secure.
Managing DB benefits
The areas of defined benefit (DB) scheme management key to ensuring a well-run and well-funded scheme.
Managing DC benefits
You need to focus on a number of areas if your scheme provides defined contribution (also known as ‘money purchase’) benefits.
Reporting requirements
You can fulfill your reporting requirements using our online service Exchange. It allows you to share information about your work-based pension scheme with us.
Master trust pension schemes
If you run a master trust you need to comply with duties set out in the Pension Schemes Act 2017. Some of these duties start immediately.
Managing a scheme with mixed benefits
If you run a scheme that offers mixed benefits (sometimes known as a 'hybrid scheme') you need to manage the defined benefit (DB) elements as if they were a DB scheme and manage the defined contribution (DC) elements as if they were a DC scheme.
Independent trustee register
The Pensions Regulator is required by statute to compile and maintain a register of trustees who fulfil certain legislative conditions. The regulator meets this requirement through the creation and maintenance of its trustee register.
