Pension schemes to be rated red, amber or green in plans to improve transparency
A new traffic light-style rating system for workplace pension schemes could improve transparency over their performance and ultimately lead to better value for savers, according to the Government and regulators. The plans aim to reduce the number of savers sitting in poor-value pensions and schemes would be publicly rated red, amber or green, once the framework is finalised. Competitive pressures should help to drive up standards and over time, regulators expect to see less of a gap between worse-performing schemes and...
