Statutory guidance

Cost and charge reporting: guidance for trustees and managers of occupational schemes

This guidance for trustees and managers relates to the Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018.

Documents

Cost and charge reporting: guidance for trustees and managers of occupational schemes

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Details

The regulations require trustees and scheme managers of certain occupational pension schemes offering money purchase benefits to, amongst other things:

  • provide an illustrative example of the cumulative effect of the pension scheme fund charge and transaction costs incurred by the member
  • publish this, along with other relevant information on a publicly available website free of charge – and tell members where it can be found

Trustees and managers of the relevant occupational pension schemes must have regard to this guidance on meeting the legislative requirements.

We also published the government response to the consultation on Occupational pensions: improving disclosure of costs, charges and investments on 26 February 2018.

Read The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 on www.legislation.gov.uk.

Published 26 February 2018
Last updated 27 February 2018 + show all updates
  1. Added a link to the regulations.
  2. First published.