A new joint industry Code of Conduct on workplace pensions, published today, will require charges and investment costs on workplace pensions to be disclosed.
Richard Lloyd, Which? executive director said:
“We welcome the continued drive to make pensions costs more transparent. It is important that employers can compare like with like and be able to easily identify the best value scheme for their employees. However, we also want to see the introduction of minimum standards so that all pension schemes used for automatic enrolment offer good value for money.”