The Government has launched a consultation to seek views on the policy and proposed regulations for how costs and charge information should be published and made available to members of Defined Contribution pension schemes.
Costs and charges are applied when your pension contributions are invested.
They can take out a lot of money from your individual pot of cash and assets leaving you with less to live off when you retire. In order to ensure you get the best out of the investments you must know the costs you are being taken from you.
The consultation ends on 6 December and also seeks views on how pension scheme members should be able to request information about the funds in which their money is invested.