This consultation sets out proposed rules that will require providers (i.e. insurers) to set up and maintain independent governance committees. Our e-alert on this subject is set out here. It is intended that these committees should be in place from April 2015.
IGCs will be required to act in scheme members' interests, with opportunities to challenge providers if it is considered that those schemes are not providing value for money. The effectiveness of these may dictate whether or not similar governance duties will be extended to employers in the future.