FCA's The Value for Money Framework consultation

Commenting on The Value for Money Framework consultation announced today by the FCA, Rona Train, Partner, Hymans Robertson, says:

“We welcome the consultation and in particular the principle of aligning the requirements on FCA-regulated firms with those for trust-based arrangements. All DC members should benefit from the same rigorous assessments, regardless of the arrangement they happen to be in.

"The move away from a focus purely on cost to a greater focus on overall value is also a positive move and should help to deliver better long-term member outcomes. This will allow further innovation in areas like investment strategy and member support.”