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Value for money at heart of UK defined-contribution pensions shakeup

By Phoebe Seers ( January 30, 2023, 15:30 GMT | Insight) -- A shakeup of UK defined-contribution pensions was unveiled today, putting long-term value for money at the center of a new regulatory framework. Too much emphasis on costs and limited transparency around performance had been detrimental to savers, the government said. Its new proposal will require trustees and managers of DC plans to disclose, assess and compare the value for money they provide.The UK government today unveiled a plan to shake up defined-contribution pensions, putting long-term value for money at the center of a new framework....

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