The Department for Work and Pensions (DWP) has published a consultation seeking views on policy proposals to disclose, assess and compare the value for money of defined contribution (DC) workplace pension schemes.
The consultation - Value for Money: A framework on metrics, standards, and disclosures - proposes key metrics, standards and data disclosures for DC pension schemes under the proposed value for money (VFM) framework - also including proposals for the use of this data in comparisons and assessments of value for money. The consultation is the culmination of joint work between the DWP, the Financial Conduct Authority, and The Pensions Regulator (TPR). The DWP said responses to this consultation would help it develop the VFM policy framework. Commenting on the consultation launch, Secreta...
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