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UK defined-contribution pension schemes to get common standards to ease comparisons

( May 24, 2022, 09:43 GMT | Official Statement) -- MLex Summary: The Pensions Regulator and the Financial Conduct Authority will develop common standards to better compare defined-contribution pension schemes. The standards will provide access to consistent data on investment performance, costs and charges and service standards. The two regulators will publish a consultation towards the end of the year setting out their proposal.  David Fairs, TPR’s Executive Director for Regulatory Policy said he welcomed the consensus from industry a better assessment of value was needed but acknowledged that “this is a complex area and there were many views on our proposals which need further consideration."Statement below....

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