Value for money: A framework on metrics, standards, and disclosures

Consultation opened on 30 January 2023. Closing date 27 March 2023.


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.

Share this consultation

Back to top