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

More on Pensions

Divorce, pensions and professional collaboration in the HNW world

Divorce, pensions and professional collaboration in the HNW world

'Beware the attraction of the simple solution'

Richard Kershaw
clock 16 February 2026 • 3 min read
A century of the state pension – and why the next redesign is overdue

A century of the state pension – and why the next redesign is overdue

'A pension promise only works if contributors believe it is fair and durable'

Adam Cole
clock 16 February 2026 • 4 min read
Pensions: The overlooked asset in divorce settlements?

Pensions: The overlooked asset in divorce settlements?

Practical steps to narrow the divorce pension gap

Alistair Myles
clock 11 February 2026 • 5 min read