Wade Directors and Managers Pension Scheme (the Scheme) – Governance statement for the Scheme’s defined contribution arrangements.
This statement has been prepared by the Scheme’s Trustees to report on compliance with governance standards introduced under The Occupational Pension Schemes (Charges and Governance) Regulations 2015.
These governance standards relate to defined contribution (“DC”) benefits, also commonly referred to as money purchase benefits.
The statement includes:
- details of the costs and charges incurred by members under the Scheme
- an example illustration of the impact on pension pots of these costs and charges, and
- details of the Trustees’ assessment of the extent these costs and charges represent value to members.