Better Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Better Workplace Pensions write by Great Britain: Department for Work and Pensions. This book was released on 2014-10-29. Better Workplace Pensions available in PDF, EPUB and Kindle. Dated October 2014. A TSO version of a title previously published by HM Government.
Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737
Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737 write by Great Britain: Department for Work and Pensions. This book was released on 2013-10-30. Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737 available in PDF, EPUB and Kindle. This Government is proposing to introduce a system of automatic pensions transfers to help people to better keep track of their workplace pension savings. The majority of people being automatically enrolled are likely to join the default fund in defined contribution (DC) schemes. It is, therefore, important to ensure that these schemes deliver the best possible value for money. The impact of the charges levied on people's pensions savings over their lifetime can be significant - seemingly small variations in charges can result in a considerable difference in people's final retirement savings. A number of voluntary industry initiatives seeking to improve disclosure of charges information to scheme members and employers have been launched in an effort to reduce the complexity of the product. The Government welcomes these initiatives, but is interested in views on whether further action is required. There are a number of potential options: mandating disclosure to members by widening the disclosure requirements, to include information about charges; standardising disclosure to employers; or disclosure of transaction costs - require disclosure to members, employers, as well as trustees, and independent governance committees (as recommended by the OFT). The Government is also interested in hearing views on whether: a cap on pension scheme charges should be introduced; differential charging between active and deferred members should be banned in DC qualifying schemes; the ban on consultancy charges should be extended from AE schemes to all qualifying DC schemes; adviser commissions set up prior to the introduction of the Retail Distribution Review should be banned in qualifying schemes
Government Response to the Consultation on Better Workplace Pensions
Government Response to the Consultation on Better Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Government Response to the Consultation on Better Workplace Pensions write by Great Britain. Department for Work and Pensions. This book was released on 2015. Government Response to the Consultation on Better Workplace Pensions available in PDF, EPUB and Kindle.
Better Workplace Pensions
Better Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Better Workplace Pensions write by Stationery Office (Great Britain). This book was released on 2014. Better Workplace Pensions available in PDF, EPUB and Kindle.
Better Workplace Pensions
Better Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Better Workplace Pensions write by Great Britain: Department for Work and Pensions. This book was released on 2014-04-10. Better Workplace Pensions available in PDF, EPUB and Kindle. This Command Paper forms the Government's response to its consultations on minimum quality standards and its formal response to the OFT market report. It brings forward a package of proposals that will ensure that individuals are enrolled into schemes with low and fair charges, good governance and increased transparency. It describes the Government's plan to improve governance in Defined Contribution workplace schemes. This includes proposals for both contract and trust-based schemes, examining how administration standards might be improved and looking closely at the relationship between scheme size and good member outcomes. It also contains the Government's plans to create fair and appropriate charging structures in Defined Contribution workplace schemes - through a charge cap on default funds used in qualifying schemes and an end to inappropriate member-borne charging structures such as Active Member Discounts, consultancy charges and adviser commissions within qualifying schemes. Transparency will play a vital role in delivering these changes. For the first time providers and schemes will be required to produce line item disclosure of all charges in a standard format
