The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says.
The consultation paper released by the regulator today (24 June) follows up on its joint regulatory strategy with The Pensions Regulator (TPR) for the regulation of the retirement income sector. The two regulators announced plans to work collaboratively to tackle the key risks facing pensions in the next decade in 2018 including value for money and charging transparency. The FCA said today that it hopes a new consultation will make it simple for independent governance committees (IGCs) and governance advisory arrangements to compare the value for money of pension products and related ...
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