Jacqui Reid discusses value and costs for Independent Governance Committees
Jacqui Reid, Partner comments on the Regulator’s proposed common definition of value for money in relation to Independent Governance Committees (IGC’s). While many are sure they know how to define it, there has yet to be a definitive agreement.
In the UK, the Financial Conduct Authority (FCA), the regulator for the financial services industry, made its latest attempt to shape its version of value for money in June. This came with the publication of a consultation relating to contract-based, or workplace, defined contribution (DC) pension scheme.