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4
That might come at a cost unless the charging structure of the master trust that you currently
use can be matched. The trustees would have to adapt to the DC environment and deal with
value for money and disclosure requirements.
Once PCS’s position regarding its continuing participation in the GFTU Scheme is known,
the possibilities might be investigated in more detail, starting with an investigation into the
market with the assistance of an independent financial adviser or employee benefits
consultant. So long as PCS remains a participating employer, however, there is a risk that a
revised structure which includes a DC section will be a master trust in law, in which case the
administrative burden is likely to be prohibitive.