The document discusses how Independent Governance Committees (IGCs) can assess and present the value for money of pension policies to policyholders. It proposes calculating a value for money assessment by comparing total benefits to total costs, and weighting key services by importance. However, the authors note several potential conflicts of interest given IGC members are appointed and paid by providers. They suggest IGCs need to prioritize independence and consistently report assessments in an intuitive, engaging format to truly empower policyholders. The future may require IGCs to take a more proactive role advocating for policyholders' interests.