EC Meeting July 2017

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.

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