What is value for money in pensions? Patrick Coyne, The Pensions Regulator

Patrick Coyne, Policy Business Lead, The Pensions Regulator spoke at REBA’s Future of Pensions Summit on 21st September 2023, exploring what is defined as value for money in defined contribution pensions, and how employees and employers can know if they are getting it.

Coyne said: “We can focus squarely on saver outcomes and on value. We have recently consulted and fed back on a new proposal Value for Money Framework. We want schemes and employers to assess value for money in pensions, meaning investment performance and quality of service you receive for the price paid.”

Watch the video to find out more about how the proposed framework could work, both for schemes and employers, over the long term and across different stages of employees’ retirement journeys.