FCA and TPR outline a framework for value for money in defined contribution pension schemes

DC savers can only maximise their retirement income if their scheme delivers value for money. For the regulators, this means well-run schemes delivering good investment performance that is not eroded by high costs and charges.

To allow good value schemes to compete, the FCA and TPR are proposing a common framework for disclosing information on the key elements which make up VFM: investment performance, scheme oversight - including data quality and communications, and costs and charges.

FCA and TPR outline a framework for value for money in defined contribution pension schemes | FCA