Release 11 of Pegboard introduces a new enhancement to the Members module - the concept of a Membership. Memberships can be assigned to individual members and are used to allow access to Member roles. They can be set to expire after set periods of time and can prompt users to renew their membership.
In tandem with the eCommerce module, memberships can be purchased, enabling a full subscription model to be established for your site.
Documentation explaining this enhancement in more detail can be found in the Documents
section of the Partner Area, or direct download here