Consultation sets out Value for Money DC pension scheme ratings

A consultation has been launched that proposes from 2028 to include performance as a top-line issue in the regulation of Defined Contribution (DC) pension schemes.

By Neasa MacErlean

A four-point traffic light system is proposed that would see schemes in the red category wound up and those in amber given three years to improve. The proposals come jointly from the Financial Conduct Authority, the Department of Work and Pensions (DWP) and The Pensions Regulator (TPR).