From the blog: Independent governance committees have been tasked with assessing the value for money of their provider’s workplace personal pension plans.
But most IGCs are currently grappling with the issue of what value for money means and how they should assess it.
So, what would be reasonable for IGCs to consider when assessing value for money?
But most IGCs are currently grappling with the issue of what value for money means and how they should assess it.
While IGCs are under a legal obligation to assess value, how they do so is subject to limited regulation.
However, if an IGC can demonstrate a reasonable approach here, it is difficult to see how it could be challenged.
So, what would be reasonable for IGCs to consider when assessing value for money?
Francois Barker is head of pensions at Eversheds
