Regulatory Alerts2020-06-23
Added · Updated
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 Governance Arrangements Assessments regarding value for money in workplace pension schemes. This document finalizes rules that mandate robust assessment frameworks for both standard pathway investments and broader scheme offerings to ensure members receive appropriate value. The policy aims to enhance transparency and accountability by defining specific criteria that trustees and scheme managers must adhere to when evaluating their service quality and costs.
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