Laith Khalaf explores the future of pension default funds in light of the recent King's Speech which put value for money at the heart of the matter...
One of the surprise announcements in the King's Speech was a crackdown on underperforming default funds. It appears this problem is going to be addressed by the introduction of a value for money framework for pension schemes, which sounds suspiciously like the value for money framework that The Pensions Regulator, Financial Conduct Authority and Department for Work and Pensions have been consulting on for a couple of years. Oven-ready pensions regulation doesn't come any better baked than this. If only Paul Hollywood was pensions minister. According to the King, or more accurately his...
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