Value for Money – Latest Developments from TPR/FCA and Practical Considerations for Schemes to Implement VFM

Date:

18 July 2023 11:45 to 14:30

Venue:

Brewers’ Hall, Aldermanbury Square, London EC2V 7HR

Chairperson:

Jessica James, Trustee, Commerzbank UK Pension Scheme and a Member of the MPPF Advisory Committee

Details:

In light of the recent Value for Money paper released by the TPR and the FCA, our speakers addressed:

Overview of the paper jointly produced by FCA/TPR
What are they recommending and what is their approach?
What do they want DC and Master Trusts to do?
What can managers and other service providers do to provide further transparency on costs, charges and services to help trustees understand they are providing value for money?
A look at how your scheme can shift the focus from purely cost, to a more considered and holistic assessment of VFM
What will be required of underperforming schemes?
How do you effectively measure quality of service?
What does this mean for allocation to various asset classes within default funds?