FCA launches pensions value for money consultation

Released 24 June 2020

The Financial Conduct Authority (FCA) is bringing forward proposals designed to promote value for money for the members of workplace personal pension schemes with the announcement of a new consultation paper.

These proposals aim 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, enabling them to be more effective in assessing value for pension scheme members.

The consultation will run until 24 September 2020.

Further information, including a link to the consultation document, can be found at https://www.fca.org.uk/news/press-releases/fca-announces-pensions-value-money-consultation.

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