Regulatory Alerts2026-03-08
Added · Updated
CP26/1: The Value for Money Framework: Response to consultation, further consultation and discussion paper
The FCA, TPR, and DWP propose a Value for Money Framework for workplace Defined Contribution pension arrangements, requiring assessments based on backward-looking and forward-looking investment metrics, costs, and service quality. The framework applies to default and quasi-default arrangements with at least 1,000 members, or those with fewer members if they are the sole or largest default option, excluding Executive Pension Plans and Small Self-Administered Schemes. Arrangements will be assigned a four-point rating system, with poor performers required to improve or transfer savers, and the first assessments are planned for 2028.
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