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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.