Value for money scope flowchart
The purpose of this flowchart is to help you understand if the value for money requirements apply to your scheme and, if so, which arrangements you will need to assess and when.
The requirements only apply to defined contribution (DC) schemes and the DC element of any hybrid scheme.
You should check every year as some schemes/arrangements that are out of scope one year may fall within scope in future years.
The flowchart is based on current proposals outlined in the latest DWP and FCA consultation.
