Press releases

Deloitte comments on proposed rules for Independent Governance Committees

6 August 2014

Commenting on the Financial Conduct Authority’s proposed rules for Independent Governance Committees (IGCs), Andrew Power, financial services consulting partner at Deloitte, said:

“The FCA’s proposals will strengthen the governance of workplace personal pension schemes by clearly tasking IGCs to act in the interests of policyholders.

“The proposed new requirements for IGCs are particularly important in light of automatic enrolment, where employees become contributing personal pension policyholders without having actively chosen to do so.

“In order to fulfil their responsibilities it will be vital for IGCs to have access to high quality, consistent, understandable management information without imposing an unnecessary burden on pensions providers.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk.

Member of Deloitte Touche Tohmatsu Limited.

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