Workplace pension costs to be published as trustees face £50k fine

The Department for Work and Pensions (DWP) said trust-based schemes, including master trusts, will need to publish the information from April next year. Under the plans, around 10 million members of DC schemes would benefit from the move, the department estimated in its consultation on the proposals. Schemes will be told to disclose cost and charge information to members, beneficiaries and recognised trade unions for all investment options available to members on an annual basis. This would also need to include the compounding effect of such charges, and should be made available on...