Commenting on the Budget measures announced on DC pensions, Laura Myers Head of DC at LCP, said:

 "Greater transparency on scheme investments and investment performance is a good thing, and we support measures to improve value for money for members.   But the Government needs to make sure that VFM measures accurately assess the performance of schemes over the medium and long-term, and do not distort behaviour by schemes worried about appearing at the bottom of short-term league tables.  Trustees will also fiercely guard their right to invest in the way they think is best for their members rather than increase allocations to UK investments purely because of Government pressure".