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PS21/12: Assessing value for money in workplace pension ...

Assessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAs Policy StatementPS21/12 October 20212PS21/12 Financial Conduct AuthorityAssessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAsMoving around this documentUse your browser s bookmarks and tools to navigate. To search on a PC use Ctrl+F or Command+F on relates toConsultation Paper 20/9 which is available on our website at : up for our news and publications alertsSee all our latest press releases, consultations and speeches. Contents Summary 31 The wider context of this policy statement 42 Summary of feedback and our response 8 Annex 1 List of non-confidential respondents 19 Annex 2 Abbreviations used in this paper 21 Appendix 1 Made rules (legal instrument)3 PS21/12 SummaryFinancial Conduct AuthorityAssessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAs SummaryIn 2020, we consulted on targeted measures specifying a definition of value for money (VFM) and the 3 key elements that a pension provider s I

Assessing value for money in workplace pension schemes and pathway investments: requirements for IGCs and GAAs 1 The wider context of this policy statement Our consultation 1.1 The Office of Fair Trading (OFT) 2013 market study into DC workplace pensions concluded that VFM and good outcomes for savers cannot be driven solely by competition.

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