PS21/12: Assessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAs

The Financial Conduct Authority issued Policy Statement PS21/12 to establish requirements for Independent Governance Committees and General Authorisation Arrangements regarding value for money assessments. The document mandates that these bodies evaluate workplace pension schemes and pathway investments against specific criteria to ensure they deliver appropriate outcomes for consumers. This regulatory framework aims to enhance transparency and accountability in the workplace pension market by enforcing rigorous standards for ongoing scheme evaluation.

United Kingdom

Financial Conduct Authority

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Open consultation: CP20/9

24/06/2020

Consultation closes

24/09/2020

Policy Statement

Q4 2020

Policy Statement: PS21/12

04/10/2021

04/10/2021