What protection is available for pension scheme assets in the event of provider failure such as negligence, fraud or insolvency, or the failure of the other parties involved in an investment?

This question is particularly important in the DC space, as members bear the risk of any shortfall in the assets. It’s also relevant to DB schemes, where a gap in protection for scheme assets in the event of provider failure could create unexpected additional pressure on scheme funding, and potentially increase requirements for deficit contributions from participating employers.