The Pensions and Lifetime Savings Association has responded to the Department of Work and Pension’s consultation on Occupational pensions: improving disclosure of costs, charges and investments. To see the full consultation response click here.
Tim Gosling, Policy Lead for Defined Contribution commented:
“Helping scheme members understand the value they are getting from their retirement savings is an important issue. Costs and charges are a key part of this equation, so we welcome the Government’s measures to make them more transparent.
“They are however only one part of the story. It is important that schemes can provide supporting information that allows savers to see the overall value of their pension such as the quality of performance, administration and communication."
Lee Blackwell, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073023, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007713, E: [email protected]
Eleanor Carric, PR Manager, Pensions and Lifetime Savings Association
T: 020 7601 1718, M: 07825 171 446, E: [email protected]
NOTES TO EDITORS:
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.