CP24/16 VFM response

In its submission to the FCA’s CP24/16 Value for Money Framework consultation, the PLSA acknowledges the depth and technicality of the consultation and welcomed the extensive engagement the regulator has had with industry to date.

However, we also raise concerns about how the overall framework will work, the risk of competing objectives compromising the intended outcomes of the policy, and the extent to which key elements may be counter-productive to the drive a focus towards long-term value, and away from cost.