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New framework proposed to improve performance of UK pension funds

Department for Work & Pensions signage.
Photo: Carl Court/Getty Images

Hameed Shuja

3 min read

A new color-rating method will be used to show how individual pensions are performing. Under-performers will be pushed to either improve or leave the market.

The UK’s financial regulator has launched a consultation on proposed new requirements for pension schemes providers, aimed at improving their performance and helping savers choose a scheme that provides best value for money.

The Value for Money (VFM) framework is jointly proposed by the FCA, the Department for Work and

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