Article preview: Is the Government complacent when it comes to transparency failings in the pensions industry? That’s the conclusion of the Work and Pensions Committee, which says in a new report it is unconvinced the industry should be self-regulating when it comes to charges. Instead, the Committee is proposing an obligation for pension funds to disclose costs using a uniform template. They also reiterated their earlier calls to introduce a charging cap at 0.75% on FCA decumulation pathways, for pension pots used to provide an income in retirement.
Government complacency when it comes to pensions
This 808-word blog post explains proposals contained in a new report from the influential Work and Pensions Committee of MPs, which calls for an obligation for pension funds to disclose costs using a uniform template and greater regulatory action to protect consumers from pensions scams. Written on 5th August 2019.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.