Tag: VFM

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Joint consultation on detailed rules for new VFM Framework

Introduction Intended to “support a significant shift in the way the workplace pensions industry operates and competes”, on 8 January 2026 the FCA, the DWP and TPR published a joint consultation on detailed proposals for the new value...

The Value for Money Framework: consultation

Background On 8 August 2024, the FCA published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. In this response General comments General comments We welcome and support the policy aim of...

FCA consults on the new value for money framework

Introduction Building on its work in tandem with the DWP and TPR, the FCA today published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. Click here for a PDF of this Alert. In this Alert Key...

The DC deluge

Introduction With all eyes on the possible publication of the single code, on 30 January 2023 the DWP published a package of documents including one consultation response (on broadening investment opportunities), statutory guidance (on...