Chair’s statement regarding DC governance: 1 October 2020 – 30 September 2021

This statement is produced pursuant to Regulation 23 of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, as amended by subsequent legislation. New governance rules contained in The Occupational Pension Schemes (Charges and Governance) Regulations 2015 will apply to defined contribution pension arrangements from 6 April 2015. These Regulations require the Trustees to prepare a statement showing how the Trustees have met certain minimum governance standards in relation to defined contribution benefits.

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