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Latest news around Value for Money
Always A Pensions Angle: Light Green Fever
Fresh from the Pensions UK Annual Conference in Liverpool, podcast co-hosts Nick Reeve and Tom Parker dissect the pensions minister’s speech and discuss AI, the state pension, and local government pensions.
Why the pensions minister is sanguine on herding risk in VfM
Torsten Bell told the Pensions UK Annual Conference that the Value for Money regime could improve average returns for DC members, even if this resulted in some ‘herding’.
Always A Pensions Angle: Binary Conversations
In this episode of the Always A Pensions Angle podcast, co-hosts Tom Parker and Nick Reeve delve into the world of defined contribution and Value for Money.
VfM: What the industry said about the government’s Value for Money plans
From concerns over forward-looking metrics to calls for the framework to be expanded into decumulation, there has been a huge amount of feedback on the latest Value for Money consultation. Pensions Expert distils the main talking points.
Value for Money: Industry flags concerns over forward-looking metrics
The Financial Conduct Authority’s consultation process closed this week, as it continues to develop the proposed Value for Money rulebook that the government hopes will strengthen and future-proof DC savings.
Catch up with the latest episode of Always A Pensions Angle
Every fortnight, Pensions Expert editor Nick Reeve and LAPF Investments’ Thomas Parker discuss the latest developments across the pensions and retirement sector on the Always A Pensions Angle podcast. Catch up with the latest episodes wherever you get your podcasts, or explore the archive.
Latest views on DC
Building blocks: How tokenisation could reshape DC pensions
Louise Farrand, executive director of the DC Investment Forum, explores how blockchain and tokenisation technologies could revolutionise pension scheme investing.
IFS: Which workers should automatic enrolment reforms target?
Raising minimum auto-enrolment contribution rates requires a more nuanced approach and can’t be one-size-fits-all, writes Heidi Karjalainen of the Institute for Fiscal Studies.
Guided retirement: designing pension systems that work with and for human nature
Paul Sweeting of the Institute and Faculty of Actuaries introduces new research that explains why it is critical that the industry works together to get guided retirement solutions right.
Beyond the workplace: Mapping the changing DC pensions market
With the defined contribution sector facing profound changes, the Pensions Policy Institute’s Shantel Okello explains how the organisation’s latest research aims to capture as big a picture of the landscape as possible.
DWP and FCA extend Value for Money consultation period
The Financial Conduct Authority (FCA) and the Department for Work and Pensions (DWP) have extended their consultation period for the planned Value for Money framework by two weeks.
Highlights from Torsten Bell’s speech to launch the updated reform roadmap
Key excerpts from pensions minister Torsten Bell’s address at Mansion House on 13 July, in which he set out the need for cohesive action across the government’s reform agenda.
Value for Money: A pragmatic delay, but with much work still to do
The Value for Money regime is on its way, but with the rulebook still in development, what does the pensions industry make of the government’s latest thinking on this crucial reform?
Government pushes back VfM, guided retirement deadlines in ‘roadmap’ shift
Pensions minister Torsten Bell has announced changes to the “sequencing” of pension reforms to support the implementation of developments related to Value for Money, guided retirement, and superfunds.
TPR steps up DC consolidation drive as master trust domination increases
Trustees of DC pension schemes need to keep their arrangements under review and consider consolidating into larger schemes if they are not delivering value, TPR has said.
Special report: The Pension Schemes Bill in the House of Lords
The landmark legislation begins its report stage this week, with peers still debating more than 180 amendments to the Pension Schemes Bill. Pensions Expert explores what is up for discussion over the next two weeks.
Amber alert: Industry weighs risks of Value for Money ratings
Amber ratings being introduced through the Value for Money framework should encourage dialogue and reform, not knee-jerk reactions, regulators say.
Help shape Value for Money framework, TPR tells trustees
The Pensions Regulator’s director of policy has called on trustees to engage with the ongoing Value for Money framework consultation to “help shape the standards that will define saver outcomes for years to come”.