Completing the annual Value for Members assessment and Reporting of Net Investment Returns

Date published: 04 November 2021

Guidance for trustees of relevant occupational defined contribution pension schemes. This guidance is effective from 1 October 2021.


This guidance is for trustees of ‘relevant’ occupational pension schemes regardless of size, who must comply with the requirements to report past investment performance (net returns) in regulation 23(1)(aa) of the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997 (“the Administration Regulations”).

This guidance is also for trustees of ‘specified schemes’ who are required to carry out the more detailed value for members assessment set out in regulation 25(1A) of the Administration Regulations.

Trustees must have regard to this guidance when complying with their obligations to:

  • disclose net investment returns under regulation 23(1)(aa) of the Administration Regulations
  • carry out the value for members assessment for a specified scheme required by virtue of regulation 25(1A) of the Administration Regulations

publish information about net investment returns and the results of the value for members assessment, required by regulation 29A of the Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations (Northern Ireland) 2018, and the amendments made to them by The Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021

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