Disclosure of costs, charges and investments in DC occupational pensions
31 October 2017
A consultation has been published which seeks views on publishing cost and charge information and providing members of defined contribution occupational pension schemes with investment information on request.
The purpose of the consultation is to provide feedback on policy proposals and draft regulations for trustees and managers of certain occupational schemes to publish information about cost and charges and tell members where they can find it.
It also asks for views on policy proposals and draft regulations for trustees and managers of the same schemes to provide information, if a member asks, about the funds in which their money is invested.
Geographical extent - This consultation applies to England, Wales and Scotland.
Engaged pension savers need to be able to find information about costs and charges, to satisfy themselves that they receive good value for money from their pension, and it will meet their needs for future retirement. The Government has a legal duty to make regulations which ensure that information on costs and charges information is provided. The Government also considers that members have the right to know where their money is invested, where it is proportionate for trustees and managers to tell them.
The proposals follow earlier calls for evidence on:
The consultation closes at 5pm on 6 December 2017.