Watchdog FCA tightens pension value for money rules

LONDON (Reuters) - Britain's Financial Conduct Authority has proposed more detailed rules for checking whether members of workplace pension schemes are getting value for money.Since 2015 personal pensions at workplaces must be overseen by a so-called independent governance committee (IGC) to check that members of the scheme are not being ripped off.But the FCA said on Wednesday that its review of how the committees have performed showed a mixed picture', with some lacking independence and being..