Are FSA pension scheme disclosure proposals too ambitious?

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Chris Read discusses the potential challenges around pension illustrations

Providers have many concerns in the run up to RDR but our annual provider survey showed accurate disclosure of "effective deductions on illustrations" is proving a major issue. According to the survey commissioned in March,38% of providers saw ‘disclosure of effective deductions on pensions illustrations' as both the most expensive and onerous administrative change they had to make pre-RDR. It dwarfed concerns around preparation for auto-enrolment which only 21% pinpointed as the most expensive and onerous change this year. So why are providers struggling so much with this issue? T...

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