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This category is open to both DB and DC schemes of all sizes but is not open to entry by commercial master trusts (which are covered by the ‘DC Master Trust of the Year’ and ‘DB Master Trust / Consolidator of the Year’ categories above.

This category is open to both DB and DC schemes of all sizes but is not open to entry by commercial group personal pension providers, master trusts or consolidators (which would be covered by the ‘Pensions Communication Initiative of the Year’ categories above. GPP providers and commercial master trusts are, however, allowed to put forward an entry on behalf of one of their employer or pension scheme clients.

Judges assessing this category will be looking for evidence of a successful communications or engagement project or strategy – particularly looking for evidence on the effectiveness of its communication, the way it has used technology to support its strategy and any innovations it has employed.

This category is open to DB schemes that have undergone or are undergoing a risk reduction exercise – be that the use of bulk annuity products such as buy-in or buyout; the use of longevity swaps or through things like member option exercises.

Judges will look at how trustees assessed potential reduction offerings, how they implemented the strategy and how the strategy fits in with the rest of the scheme's asset portfolio and will develop in the future. It will also assess how the risk reduction exercise was communicated to members.