Sackers comments on new DC fee transparency rules

Georgina Jones, partner, explains what trustees need to do to meet the new requirements on costs disclosures in DC schemes, which come into effect this month, and the challenges they may face.

“The new requirement for an illustration of the cumulative effect the costs and charges have on a member’s benefits over time probably presents the greatest challenge. While the supporting statutory guidance is clear on the basic elements, trustees must determine how best to present the information to their members and must manage messages carefully.”

Read the full commentary in the April edition of Pensions Age (page 34).

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