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The People’s Pension has responded to the recent FCA consultation paper on transaction cost disclosure in workplace pensions.
We strongly support the mandatory disclosure of detailed transaction costs to trustees.
We also believe that simplified disclosure should be required for members (with full disclosure available for those members who would like to receive it).
We believe that both forms of disclosure should be made on a standardised basis.
You can read our complete consultation response here: fca-transaction-costs-response-2017.
For further information on this response, or the work of B&CE and The People’s Pension, please contact:
Andy Tarrant, Head of Policy & Government Relations at
firstname.lastname@example.org or 07515 121204.
About The People’s Pension
The People’s Pension is the largest private sector master trust (multi-employer pension scheme) in the UK, with 2 million members and over 30,000 employer accounts.
Run by B&CE, a not for profit company, it offers a simple and low cost automatic enrolment workplace pension solution for employers of any size from any sector.
We tweet as @peoplespension.