WPC calls for 'agreed definition' of value for money in wide-ranging pension transparency report

In a report on pension costs and transparency, published today (5 August), the committee said that, while the government and regulators are alert to concerns over cost disclosure, there should be no cause for complacency. It said industry involvement is important to ensure that policies work in practice—but the overall drive and direction must come from the government and regulators. While the WPC said it recognised that value for money is not solely about costs, it added they inevitably form an important part of the equation. Schemes should therefore clearly communicate their inte...