Value for money

The first chairman's report from Zurich's independent governance committee (IGC) reveals it is taking a consumer centred approach to value for money (VFM).

Trustees must be confident the new chair governance statements are accurate to avoid future liability, writes PP.

Trustees of defined benefit (DB) schemes are failing to challenge their consultants on investment advice, according to research by SEI and IFF Research.

2015 was a phenomenally busy year for pension regulation and there are no signs of a quiet 2016. Punter Southall head of research Jane Beverley looks at the most important dates for trustees.

The Financial Conduct Authority (FCA) is investigating asset managers and investment consultants over concerns about value for money and conflicts of interest.

Measuring value for money is difficult because it is completely subjective but there is a way forward, finds Stephanie Baxter

Schemes need better benchmarking to be able to assess value for money, according to panellists at the National Association of Pension Funds conference.

Practical help for DC trustees

Dissatisfaction with annuities which came to be seen as poor value could be repeated for the pension reforms if members are not given flexibility says Janette Weir.

Elston Consulting has written guidance to help trustees assess and report on value for money in defined contribution (DC) schemes.