What our move towards risk-based regulation means for industry and savers

We want all savers to get good outcomes from pensions.

For that to happen we need to make sure that defined contribution schemes provide value for money, from joining a scheme right the way through retirement. We need to make sure that all defined benefit schemes secure their future – whether that’s an end game or ongoing offer. And across all scheme types we have trustees making the right decisions for their savers, powered by good quality data.

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Challenge and disclosure must be the norm if savers are to get value from their pensions

graphic showing flows of money towards and away from groups of people.

The pensions industry is at an inflection point. We are moving from a pensions landscape of thousands of small schemes towards a concentrated marketplace of complex financial institutions. As we manage this transition, one guiding principle needs to run through all that we do – that schemes should drive value for money for pension savers.

But how do we achieve value? Through challenge and disclosure.

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