Pension schemes will need to publish clear data on their performance, costs and quality of service, under proposals announced by the Financial Conduct Authority (FCA), the Department for Work and Pensions (DWP) and The Pensions Regulator (TPR). If a pension offers poor value, firms and trustees must
The Pensions Regulator
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes. The aim of the two regulators is to drive a long-term focus on VFM across
A total of £30,857,329 has been reportedly lost to pension scammers since 2017 according to complaints filed with Action Fraud, the Financial Conduct Authority and The Pensions Regulator have said.
Pension consultancy firm LCP has warned that hundreds of companies are expected to ditch attempts to fill shortfalls in their pension schemes during the coronavirus crisis.
The Pensions Regulator has fined the retirement scheme of the Financial Conduct Authority (FCA), in a rare instance of one watchdog issuing a fine to another.

