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FCA sets out new rules for IGCs and GAAs to assess VFM in pension schemes
The Financial Conduct Authority has published a policy statement and introduced rules for setting up a more transparent value-for-money (VFM) assessment framework across the workplace pensions market.
To ensure pensions recipients receive the best possible offer in terms of VFM, the authority surveyed people within the industry, employing their feedback on its proposals. The introduction of the...
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