The IGC is satisfied that a majority of policyholders are receiving value for money from their workplace pension. It has flagged a number of ‘calls to action’ for policyholders that could improve the value they get, including reviewing the funds they hold with a financial adviser.
To view the full report, please follow this link.
Richard Butcher, PTL, Independent chair, said:
“Our overall conclusion is that a majority of policyholders get value for money and that, on average, the value policyholders get has improved.
“Where we have concerns about members potentially not receiving value for money, it is generally because a member is not actively engaged in managing their pension or an adviser managing their scheme is no longer actively engaged in doing so.
“We are pleased with the co-operation and support given to us by Old Mutual Wealth over the course of the year.”