The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have launched a joint discussion paper on developing the framework for measuring value for money (VFM) in defined contribution (DC) pension schemes.
The regulators have proposed a common framework for disclosing information on what they describe as the “key elements” that make up VFM: investment performance; scheme oversight, including data quality and communications; and costs and charges
Pensions Minister, Guy Opperman, has said that he is “broadly disappointed” by the low levels of action on stewardship by pension schemes, emphasising that there is still more for the industry to do to combat climate change
The Pension Protection Fund (PPF) is planning to launch a consultation on its 2022/23 levy rules “shortly”, according to its chief finance officer, Lisa McCrory
Regulations introduced to combat scams should not present a resource issue for pension schemes and more work is required, particularly on information sharing and online scams, according to Pension Scams Industry Group (PSIG) chair, Margaret Snowdon
The Society of Pension Professionals (SPP) has developed a framework for trustees to monitor their obligations as part of a new environmental, social and governance (ESG) guide
The Pensions Administration Standards Association (Pasa) says it supports the introduction of a statement season, which would see defined contribution (DC) schemes used for auto-enrolment (AE) sending annual benefit statements within a time-limited window