UK Pension Reform: Traffic Light System to Boost Savers' Returns

The UK's Financial Conduct Authority (FCA) has proposed a new traffic light system to help pension savers understand the value for money they are getting. Under the plan, underperforming pension schemes could see their assets moved to better-performing plans. This initiative aims to support savers and boost investment in UK infrastructure.

The UK's Financial Conduct Authority (FCA) has unveiled a new traffic light system to assist pension savers in evaluating value for money.

Under this system, underperforming pension schemes could be required to transfer assets to better-performing plans.

This initiative is expected to enhance savers' returns and stimulate investment in UK infrastructure, aligning with the Labour government's goals.

(With inputs from agencies.)