We have written a response to the Value For Money Framework Consultation published on 8th August 2024.

We support the framework’s focus on transparency and accountability in investment performance, costs, and service quality. However, we emphasize the need to incorporate environmental and social factors into VFM assessments.

Pension schemes that contribute to climate change and biodiversity loss cannot be considered to provide real value for money. We would like to see sustainability included within the VFM metrics to ensure that pension investments are aligned with savers’ long-term financial and ethical interests