PA360 North: Workplace pension VfM changes bring advice opportunity

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 ...