Everyone wants VFM—but what represents value, and for whom?
The pensions industry has raised some concerns around the Financial Conduct Authority’s (FCA) value for money definitions for workplace pensions.
Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.
Costs and fees are just a small part of the overall value for money definition, argues Con Keating
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.
The majority of this week's Pensions Buzz respondents agreed with the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice.
The government and regulators should not wait for the industry to "fail to act voluntarily" to provide value for money in pensions, the Work and Pensions Committee (WPC) says.
Henry Tapper shares his thoughts on how IGCs could provide value for money statements that people wanted to read
Investment consultants including the 'big three' have all agreed to participate in discussions to develop a strategy to demonstrate whether they provide value for money to pension fund clients.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Many smaller pension schemes are failing to demonstrate they provide good value for members, latest research by The Pensions Regulator (TPR) shows.
Stewart Bevan says there's a long way still to travel to achieve transparency, but at least we are now making genuine progress and picking up the pace
Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.
NEST CIO Mark Fawcett explains how the intermediary community evaluates an investment approach
Professional Pensions is holding a complimentary breakfast briefing on assessing value for money in defined contribution (DC) schemes.
Jonathan Stapleton says we need to increase DC scheme fees if we hope to improve investment quality and the sustainability of providers.
Henry Tapper says removing NDAs between operators and fund managers is a critical step in the journey towards assessing value for money
Aegon's independence governance committee (IGC) has reported that upgrading to a new platform has reduced costs for some members and increased engagement.
Prudential's independent governance committee (IGC) has found members are getting better value for money after reducing all initial charges and has no major concerns about transaction costs.
Charges are not a priority for members when it comes to value for money according to research of 11 providers and their independent governance committees (IGCs).
The Pensions Regulator's (TPR) powers to authorise master trusts will be the "cornerstone" of its drive to consolidate the defined contribution (DC) market according to Andrew Warwick-Thompson.
The AE review is considering bringing transaction costs into the DC charge cap, but such a move could lead to perverse behaviour that is not in members' best interests. Stephanie Baxter explores the arguments
A DCIF report raises concerns about lack of investment choice in master trusts and difficulties in distinguishing between providers. Michael Klimes explores the details
This week we want to know if the government's new £1,500 pension advice allowance will help close the UK's advice gap and if it should be extended to DB savers.