Consultation outcome

Value for Money: A framework on metrics, standards, and disclosures

• From: Department for Work and Pensions, Financial Conduct Authority and The Pensions Regulator
• Published: 30 January 2023
• Last updated: 25 July 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

This consultation has concluded

Read the full outcome

Government-regulator response to ‘Value for Money: A framework on metrics, standards and disclosures.’

HTML

Government-regulator response to ‘Value for Money: A framework on metrics, standards and disclosures.’

PDF, 605 KB, 84 pages

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Detail of outcome

The government, the Financial Conduct Authority and the Pensions Regulator published their response to this consultation on 11 July 2023.

We have also published an analysis of the impact of July 2023 pension package on member outcomes.

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Original consultation

Summary

This consultation seeks views on policy proposals to disclose, assess and compare the value for money of workplace pension schemes.

This consultation ran from
9:30am on 30 January 2023 to 11:45pm on 27 March 2023

Consultation description

This policy consultation proposes key metrics, standards and data disclosures for DC pension schemes under the proposed Value for Money (VFM) framework. It also includes proposals for the use of this data in comparisons and assessments of value for money.

Responses to this consultation will help aid the policy development of the VFM framework.

How to respond to this consultation

Please send your consultation responses on the template provided by email to:

Value for Money Team: DC Policy at the email address: pensions.vfmframework@dwp.gov.uk

Documents

Value for Money: A framework on metrics, standards, and disclosures

Ref: CP23/4

HTML

Value for Money: A framework on metrics, standards, and disclosures

Ref: CP23/4

PDF, 1.65 MB, 67 pages

Response template: Value for Money: A framework on metrics, standards, and disclosures (ODT)

ODT, 85.2 KB

This file is in an OpenDocument format

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Response template: Value for Money: A framework on metrics, standards, and disclosures (Word)

MS Word Document, 121 KB

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 30 January 2023
Last updated 25 July 2023 + show all updates

1. 25 July 2023

   Added HTML version of government response to consultation on: Value for Money: A framework on metrics, standards, and disclosures.

2. 11 July 2023

   Published the response to the consultation.

3. 30 January 2023

   First published.