Costs and charges

Costs and charges guidance:

FORTHCOMING DEVELOPMENT: The Pension Schemes Bill 2020 published on 8 January 2020 contains provisions amending the definition of ‘administration charge’ to cover any use...

Practice Note

With effect from 6 April 2016, active member discounts (AMDs) have been banned from 'qualifying schemes'. The provisions implementing this ban can be found: • for DC...

Practice Note

There have been concerns that member-borne commissions and consultancy charging: • have led to some members bearing charges without realising it or without accessing...

Practice Note

Since 31 March 2017, a cap applies to early exit charges in personal pension schemes and stakeholder pension schemes. This cap extended to occupational pension schemes...

Practice Note

FORTHCOMING DEVELOPMENT: On 5 February 2019 the DWP began a consultation ‘Investment Innovation and Future Consolidation: A Consultation on the Consideration of Illiquid...

Practice Note

Application of the RDR The Retail Distribution Review (RDR) introduced major changes to the retail investment market and applies to regulated firms in that market. This...

Practice Note

With effect from 6 April 2015, trustees of relevant schemes (described in Schemes to which the duty applies, below) are required to assess the value of charges borne by...

Practice Note
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