FCA consultation hones in on DC pension scheme value for money

Framework designed to shift focus from costs to long-term value and deliver better outcomes

Martin Richmond
clock • 3 min read

The Financial Conduct Authority (FCA) has published a consultation on a value for money (VfM) framework for savers invested in default arrangements of defined contribution (DC) schemes.

The consultation, which has been developed in collaboration with The Pensions Regulator (TPR) and the Department for Work and Pensions (DWP), would be used by pension providers and trustees making decisions on behalf of their members to provide increased transparency on how the schemes are performing and enable comparisons to be made across the DC landscape for both trust-based and contract-based schemes. The consultation builds on a previous collaboration between the government and the regulators published last year. The framework will introduce four elements and will require consist...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Pensions

Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read
Pensions body warns MPs on salary sacrifice change impact

Pensions body warns MPs on salary sacrifice change impact

Employers and employees will ‘face higher costs’ from salary sacrifice changes

Jasmine Urquhart
clock 14 January 2026 • 2 min read
Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read