How should we think about value for money?

There is rightly an increasing focus on value for money (VFM) in defined contribution (DC) schemes, referenced crucially in the annual statements from both IGC and trustee chairs, writes Julius Pursaill.

VFM in DC pensions may seem a simple concept – but there is no established  consensus around a definition and we are already seeing some widely differing views emerging around wherein value actually lies….

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