The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have published a joint discussion paper on developing a framework for measuring value for money in defined contribution (DC) schemes.
The paper - published today (16 September) - proposes a common framework for disclosing information on the key elements which make up value for money including investment performance, scheme oversight including data quality and communications, and costs and charges. The aim of the two regulators is to drive a long-term focus on value for money across the pensions sector. The framework will also allow trustees and independent governance committees (IGCs) to compare their scheme's costs and charges, investment performance, and service standards with similar offerings from other provider...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes