Sharon Bellingham says trustees should examine DC assets' resilience against critical events
The framework will allow trustees and IGCs to compare their schemes’ value for money with other providers
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