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<p>The draft Occupational Pension Schemes (Scheme Administration) (Amendment) Regulations
2016 laid before Parliament on 1 February, include a review provision as required
by the Small Business, Enterprise and Employment Act 2015 which will oblige the Secretary
of State to carry out reviews at least every 5 years of all the governance requirements
for occupational pension schemes covered in Part V of the Occupational Pension Schemes
(Scheme Administration) Regulations 1996 as amended by this instrument. Subject to
Parliamentary approval the draft 2016 Regulations will come into force on 6 April
2016. We will consider in due course how this review would work in practice.</p><p>
</p><p>On the governance of workplace personal pension schemes, the Financial Conduct
Authority propose to carry out a review of the effectiveness of independent governance
committees in 2017.</p>
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