H. PONSFORD LIMITED PENSION AND LIFE ASSURANCE SCHEME (1980) ANNUAL STATEMENT REGARDING GOVERNANCE
1. Introduction
Governance requirements apply to defined contribution (“DC”) pension arrangements, to help members achieve a good outcome from their pension savings. The Trustees of the H Ponsford Limited Pension and Life Assurance Scheme 1980 (the “Scheme”) are required to produce a yearly statement to describe how these governance requirements have been met in relation to:
The investment options in which members’ funds are invested (this means the “default arrangement” and other funds members can select or have assets in, such as self-select or “legacy” funds);the requirements for processing financial transactions; the charges and transaction costs borne by members; an illustration of the cumulative effect of these costs and charges; net returns of the investment options; a ‘value for members’ assessment; and Trustee knowledge and understanding.
This statement covers the period from 2nd June 2023 to 1st June 2024