Regulatory Alerts2021-09-13
Added · Updated
FS22/2: Driving Value for Money in Defined Contribution Pensions
The Financial Conduct Authority finalized its regulatory framework to drive value for money in defined contribution pension schemes through this feedback statement. The rules mandate that pension providers continuously assess and demonstrate that members receive good value relative to all associated costs and charges. Providers must now establish rigorous governance processes, publish standardized value metrics, and implement corrective measures whenever performance or pricing falls below acceptable thresholds.
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