VFM reforms to expose weaknesses of legacy technology for both pension schemes and employers – Lumera
Value for Money (VFM) framework likely to stimulate significant investment as providers strive to meet the new operational and data requirements.
London, 02 March 2026 – The new Value for Money (VFM) regime could expose weaknesses in legacy technology, according to Lumera, a leading insurtech company dedicated to the digital transformation of the European Life and Pensions industry.
The FCA, DWP and TPR consultation (CP26/1) on an updated VFM framework for workplace DC pensions closes on 8 March.
The proposed framework places equal weight on service quality, investment performance,