Government papers: Consultation outcome: Occupational pensions: improving disclosure of costs, charges and investments
With regard to disclosure of costs and charges, the government has amended the coming into force date for changes to the annual benefit statement. This has been done so that it is consistent with the new publicly available cost and charges information within the Chair’s statement. It has also made changes to the statutory guidance to address concerns raised on the accuracy of the data to be used in the production of the cost and charges illustration.
For investment disclosure, the timing of required pooled investment information has been changed. The information provided: must be available for all members to request from April 2019; must be no more than six months old at the point of request; and only one request can be made in a six month period.
The government has also amended the Regulations in a number of other areas to confirm the policy intention, and clarify the requirements.
The original consultation can be found here.