Pension scheme value for money becomes regulatory priority

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This 524-word blog post discusses the FCA’a new Consultation Paper, which aims to make it easier for Independent Governance Committees (IGCs) and Governance Advisory Arrangements (GAAs) to compare the value for money of pension products and services. Therefore, members of workplace pension schemes could soon get better value for money.

Written on 25 June 2020.

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Members of workplace pension schemes could soon get better value for money.

The financial services regulator, the Financial Conduct Authority (FCA), has brought forward proposals intended to promote value for money for the members of workplace personal pension schemes.

In their new Consultation Paper, the FCA aims to make it easier for Independent Governance Committees (IGCs) and Governance Advisory Arrangements (GAAs) to compare the value for money of pension products and services.