扒哥吃瓜

This policy consultation sets out the objectives, reforms, implementation approach and proposals for the Value for Money (VfM) Framework , alongside draft DWP regulations and FCA Rules.

The challenge today聽

A successful聽pensions聽market can do more to focus on the value delivered to savers.聽

Competition has often focused on cost rather than overall outcomes.聽

The vision for the Value for Money Framework聽

We want to create聽聽a market where value drives competition and poor-performing聽arrangements聽are聽identified聽and聽improved,聽or聽exit聽the market.聽

Greater transparency聽

Standardised聽disclosures and a central VfM database will support comparisons across the market.聽

Supporting scale and consolidation聽

The Framework complements wider pension reforms focused on consolidation and governance.聽

Looking ahead聽

The Framework will improve transparency,聽accountability聽and long-term saver outcomes.

Response handling

Your responses will be shared with the FCA, TPR and DWP. We are asking respondents to reply to the DWP, who will collate responses on behalf of the group.