Govt to add charge disclosure requirements to Pensions Bill
The government will introduce transparency requirements on transaction charges in workplace defined contribution (DC) schemes, pensions minister Steve Webb has announced.
In a written statement, Webb said the government will table an amendment to the Pensions Bill entering its Lords report stage today, which will place a duty on the Secretary of State for Work and Pensions...
More on Defined Contribution
'Headaches' ahead for DC illiquid investment over 'fiendish complexities' of performance fees despite charge cap inclusion
The Pensions and Lifetime Savings Association (PLSA) has welcomed plans to incorporate performance fees in the charge cap, but the Association of Consulting Actuaries (ACA) warned performance fees are “not the only headache” for defined contribution (DC)...
TPR's new criminal offences - how much has really changed?
Geoff Egerton looks at how the criminal sanctions regime will impact the pensions industry
Charge cap proposals not enough and more radical overhaul needed, says SPP
Government proposals to employ a charge cap smoothing mechanism in a bid to incentivise defined contribution (DC) pension scheme investment in illiquid assets could have the opposite effect, says the Society of Pension Professionals (SPP).
Three in court in connection with £14m pension fraud
Three people have appeared in court in connection with an investigation into pension fraud totalling nearly £14m.
PensionBee draws 12,000 customer sign-ups for IPO with estimated market cap of £348m
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.
