TEN YEAR
DC PENSION
COMPLIANCE
REVIEW



APRIL 2011 to OCTOBER 2021


CLICK HERE FOR PROVIDER SUBMISSIONS

Is Your
Pension Provider
a Caring Employer?



the finance for purpose opt out list was updated on the 31st october to include all uk DC WORKPLACE pension plans.





All 37 UK Pension Plan providers have been invited to review their pension plan results against the actual needs of their MaR pension members.


So far only one provider has engaged, but refused to provide adequate information for our experts to compare outcomes.


Every other Pension Provider has point blank failed to engage and provide information.


As a result, on R-Day every UK Pension Provider responsible for 22m Pension Members future Retirement outcomes have been added to the Finance for Purpose COBS 19 Opt Out List.


All Pension Providers that complete their 10 Year Compliance Review will be removed from our Opt Out List and the results will be available to review for FREE by all registered users of this website.



our 10 year financial analysis revealed that £330 billion of excess costs have been incurred by 1 in 3 UK workers





A 10 Year Financial Report will be prepared by our experts to analyse how Pension Trustees and Investment Governance Committees (IGC's) have acted to address the needs and wants of MaR members within the pension plan they run and in particular the affordability and cost of the solutions offered.


In May 2021 all UK Pension Providers approved by the Pension Regulator were notified via Linked In Social Media that their 20th Century funding solutions are not fit for purpose and at least 72% more expensive than terms which have been available since 2011.



Our Pension Specialists are presently preparing to serve a final notice to 37 Pension Plans approved by the Pensions Regulator in order to address failures.





There are 37 Master Trust and Group Personal Pension Plans that represent over 90% of 22m DC Workplace pension members who are approved by the Pensions Regulator in the UK and subject to new laws which came into effect in October 2021.


In particular our pension experts are interested in the processes and steps used by Firms to identify and monitor the effectiveness of their pension solutions for an estimated 10 million Most at Risk (MaR) Workers in the UK.


Finance for Purpose is interested in the due diligence and compliance records held by every Pension Provider on Private 3rd Party Pension Sponsorship (3PPS) and the actions taken in response to free education articles published by the CII, PMI and CISI in 2011 and 2012.


The FCA Executive were notified in February 2021 of Financial Harm caused by Malicious 3rd Parties who acted against the Best Financial Interest of MaR Workers.



£3.9K



EXCESS COST P.A. PER MEMBER



Assumes £325/mth excess charges have been suffered since October 20.



£33bn



EXCESS COST P.A. ALL MEMBERS



Assumes ONS data that indicates 10m UK Workers are Most at Risk (MaR).



£330bn



EXCESS COST OVER 10 YEARS



Assumes 10m MaR Workers who have been overcharged for 10yrs. ​



financeforpurpose.COM



Finance for Purpose (FFP) is a Pro-Bono Research & Consulting Service provided by DTS CONSULTING.


FFP intends to become a Community Impact Company (CIC) in 2025.

All research and support services are provided by fully qualified Chartered Financial Planners, Pension Transfer Specialists, ESG Investment Analysts, International IFA's, Investment Bankers, Chartered Accountants and CPAs.

FFP only works with Firms who are committed to the United Nations Sustainable Development Goals.