Spring Budget 24: FCA/TPR given more powers to push better DC value

Following an announcement over the weekend that poorly performing schemes will be monitored on their performance, Hunt confirmed plans to allow the Financial Conduct Authority (FCA) and The Pensions Regulator more powers to "ensure better value from DC schemes" to judge performance on "overall returns not cost". Noting the intention to attract investment into the UK tech sector and to encourage more stock market listings in the UK, Hunt said he would build on the Edinburgh and Mansion House reforms to "unlock more pension fund capital". He added the government would "consider further ...