Fee transparency

This week's top stories include reports that a deal for the British Steel Pension Scheme could be very near, while recent falls in life expectancy may not be a blip.

A supermajority of pensions buzz respondents rebuked a suggestion that all defined benefit (DB) schemes should be merged into one.

Work and pensions minister Damian Green has confirmed the government will consult on hidden costs and charges later this year.

The Financial Conduct Authority (FCA) has been urged to consider a broader section of pension costs than simply transaction costs.

Pensions minister Richard Harrington has said the government will work with the Financial Conduct Authority (FCA) to improve transparency of pension costs.

As the FCA closes its consultation on improving transparency of costs and charges in pension schemes, James Phillips asks the industry whether the watchdog has the right solution.

The Transparency Taskforce (TTF) has called on the Work and Pensions Committee (WPC) to establish an inquiry into costs and charges for savers.

Jonathan Lipkin says the Investment Association is getting closer to delivering a complete framework for disclosing costs.

The industry has welcomed the Financial Conduct Authority’s (FCA) consultation on forcing asset managers to provide greater transparency on transaction costs.

The Financial Conduct Authority (FCA) has proposed the introduction of a duty on asset managers to disclose aggregate transaction costs to pension schemes that invest in their funds.