McClymont: ten principles to end pension 'rip-offs'

His plan comes after he told the ministers to "stop talking and start acting". His submission to the ongoing industry negotiations on a charges code of conduct he called for "full disclosure". The code of conduct is being prepared by the National Association of Pension Funds, which has proposed a two-page document to communicate charges in ‘pounds and pence'. McClymont laid out ten high-level principles he believes the code should encompass: 1. The consultation relates to a code for employers. A code of conduct is also needed for the declaration of costs and charges for pension ...