By Chris Dorrell Pension schemes will be publicly rated red, amber or green to provide savers with greater transparency on the performance of funds, under new rules proposed by the City regulator. The plans will see schemes rated publicly on a range of metrics, including investment performance and service quality, rather than just focusing on costs and charges. This should enable funds to invest in assets which could deliver higher returns but which also have higher management costs, such as venture capital and infrastructure. The Financial Conduct Authority (FCA) said this would also mean tha…