PA360 North: Workplace pension VfM changes bring advice opportunity

All schemes will be required to assess value for money for members

Jenna Brown
clock • 1 min read

The introduction of workplace pensions value for money (VfM) rules will give advisers an opportunity to help clients who find themselves in red-flagged schemes, delegates heard.

New rules mean defined contribution (DC) workplace pension schemes will be categorised under a traffic light system pegged to VfM for members. Speaking at PA360 North today (1 October), AJ Bell head of public policy Rachel Vahey said the policy would be introduced shortly and was going to change workplace pensions. "This is going to be brought in across all DC workplace pension schemes," she said. "The Financial Conduct Authority consultation is out now, and closing soon. The Pension Schemes Bill will include legislation on this for occupational schemes. "It wants to knock out all ...

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

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