The Financial Conduct Authority’s (FCA) proposed value for money (VfM) framework “risks undermining saver outcomes” because of its “breadth and complexity”, the Pensions and Lifetime Savings Association (PLSA) has said.
In its submission to the FCA's CP24/16 VfM consultation, the PLSA said the framework needs more work and raised concerns about how the intended outcomes of the policy, such as improving saver value...
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