Law360, London (February 4, 2020, 1:27 PM GMT) -- The Financial Conduct Authority has watered down requirements for pension schemes that would have obliged them to disclose to members “hundreds of pages” of information on costs, after a backlash from the industry.
The City watchdog said on Tuesday it would instead take a phased approach to the new rules on disclosures, which will come into force in April.
Pension managers have come under increasing scrutiny by the regulator in recent years over whether management costs are chipping away at retirement savings. Politicians have also raised concerns about a lack of transparency on charges when savers draw down on their pensions or move...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!