Committee looks into the hidden costs of pensions
Retrieved on:
Wednesday, December 5, 2018
Committee questions pension schemes representatives, asset managers and advisers
Key Points:
- The Work and Pensions Select Committee questions representatives of pension schemes, asset managers and advisers, as well as the co-author of a trade union report on pension cost transparency.
- The Committee will be looking into what has been done recently to increase transparency of pension costs and charges, and whether these measures go far enough.
- The Committee has previously heard concerns that asset managers provide opaque information, leading to widespread lack of understanding of fees and poor outcomes for pension scheme members.
- The Committee is conducting an inquiry into Pensions Costs and Transparency to examine whether the pensions industry provides sufficient transparency around charges, investment strategy and performance.