June 24, 2020 / 9:13 AM / 11 days ago

BRIEF-UK watchdog reviews value for money in pensions

June 24 (Reuters) -

* FCA ANNOUNCES PENSIONS VALUE FOR MONEY CONSULTATION

* PROPOSALS AIM TO MAKE IT EASIER FOR INDEPENDENT GOVERNANCE COMMITTEES (IGCS) AND GOVERNANCE ADVISORY ARRANGEMENTS (GAAS) TO COMPARE VALUE FOR MONEY OF PENSION PRODUCTS

* FCA REVIEW FOUNDS THAT SOME IGCS LACK NECESSARY INDEPENDENCE AND WERE INEFFECTIVE AT CHALLENGING FIRMS TO ENSURE VALUE FOR MONEY FOR WORKPLACE PENSION SCHEME MEMBERS

* FCA IS ASKING FIRMS THAT DO NOT MEET REQUIREMENTS TO MAKE IMPROVEMENTS Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)

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