EXCLUSIVE: B&CE discloses implicit costs of default; calls for 'soft cap' on such charges

Jonathan Stapleton
clock • 3 min read

B&CE has published a full breakdown of transaction costs for The People's Pension - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction of a soft cap on such costs.

The pension provider said it based its calculations on the proposed Financial Conduct Authority (FCA) methodology and has published both the explicit as well as the implicit transaction costs for T...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Master trusts 'dominate' DC market, TPR data shows

Master trusts 'dominate' DC market, TPR data shows

Regulator urged schemes that do not offer value to consolidate

Holly Roach
clock 17 March 2026 • 3 min read
Government must be cautious of DC investment interference

Government must be cautious of DC investment interference

LCP and Frontier Economics report finds there is ‘no clear case’ to override trustees’ investment decisions

Martin Richmond
clock 17 March 2026 • 4 min read
Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 16 March 2026 • 5 min read
Trustpilot