A value for money framework between the UK’s two financial regulators and the Department for Work and Pensions (DWP) will be a “key priority” on the agenda for the new financial year, The Pensions Regulator (TPR) has confirmed.
TPR set out its 2024/25 corporate plan last week, placing its value for money (VfM) work with the Financial Conduct Authority (FCA) centre stage. It comes after the FCA and TPR first announced plans to develop common measurements to compare VfM across the workplace pension schemes they regulate back in 2022. This was followed up by a government consultation at the start of 2023 seeking views on policy proposals to disclose, assess and compare VfM between different defined contribution (DC) workplace schemes. "We will continue to work in partnership with the FCA and the DWP to deve...
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