Summary
This consultation proposes key metrics, standards and data disclosures for defined contribution 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.
Consultation description
The author for this consultation is the Department for Work and Pensions. As such, all consultation information and related documents can be found on the GOV.UK website.
The consultation is aimed at pension scheme trustees and managers, pension scheme members and beneficiaries, pension scheme service providers, other industry bodies and professionals, civil society organisations and any other interested parties.
In general, Northern Ireland’s pensions policy and legislation operate in line with Great Britain, and there is, in effect, a single pensions system across the UK. It is anticipated therefore that any changes will be introduced here, subject to the necessary approvals.
Ways to respond
Consultation closed — responses are no longer being accepted.