Regulators launch joint DC pensions value for money framework

Regulatory tie-up

Holly Roach
clock • 4 min read

The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have published a joint discussion paper on developing a framework for measuring value for money in defined contribution (DC) schemes.

The paper - published today (16 September) - proposes a common framework for disclosing information on the key elements which make up value for money including investment performance, scheme oversight including data quality and communications, and costs and charges. The aim of the two regulators is to drive a long-term focus on value for money across the pensions sector. The framework will also allow trustees and independent governance committees (IGCs) to compare their scheme's costs and charges, investment performance, and service standards with similar offerings from other provider...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read
Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Administration expected to conclude in 2027

Isabel Baxter
clock 10 March 2026 • 3 min read