Is the latest code of conduct on pension charging overkill?

OVERKILL?

Jenna Towler
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A group of industry bodies wants to set up a code of conduct on pension charging to make life easier for employers ahead of auto-enrolment, but one provider warns of ‘information overload'

A group of leading pension and consumer bodies released a joint call for a code of conduct on pension charging ahead of auto-enrolment  last week. The group, led by the National Association of Pension Funds (NAPF), said the current system does not provide enough transparency, leaving employers, and their corporate advisers, unsure as to what is the best scheme to set up for their workers. The code wants to ensure all defined contribution (DC) pension charges are clearly and accurately stated in writing before an employer picks a pension scheme. It is likely a company would utilise ...

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