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Rachel Harris: By focussing on narrowing the range to try and improve or remove poorer-performing schemes, the framework risks dragging higher-performing schemes towards the median.
Regulatory efforts to ensure defined contribution (DC) pension schemes deliver genuine long-term value for members are both welcome and necessary. This is why the ambition behind the value for money (VfM) framework deserves the industry’s ongoing support.
However, it is important for policy always to keep pace with the market. While the framework has undoubtedly improved through consultation and engagement, the DC landscape is continually evolving, ...
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