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ABI comments on publication of final rules for Independent Governance Committees

The FCA has today published final rules for Independent Governance Committees (IGCs).

Commenting on the final rules, Yvonne Braun, Director of Life, Savings and Retirement at the ABI said:

Yvonne Braun"We welcome the publication of the final rules for IGCs which will finally give providers clarity on the scope and composition of the committees that must be up and running by 6 April.

"IGCs will provide a strong voice for consumers in determining the value for money provided by workplace pension schemes and providers are committed to establishing effective and efficient IGCs.

"The new IGCs will be subject to a review in 2017 and they should now have adequate time to bed in before changes are made."

Last updated 01/07/2016