New regulations and accompanying statutory guidance compel trustees to produce detailed analyses of the costs and charges incurred by scheme members on their money purchase benefits.
This paper outlines why these requirements have come about, what they are, and the steps that trustees will need to take in order to comply.
"The Government remains concerned that the millions of people being brought into pension saving by automatic enrolment might end up in pension schemes that offer poor value for money. As such, it has introduced a series of measures over recent years."
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