DWP: Two-thirds of employers unaware of pension charges

A DWP survey of 719 trust-based schemes, 514 contract-based schemes and ten leading contract-based providers found employer awareness of member charges was "low". Only 28% of trust-based and 33% of contract-based schemes believed that members themselves paid any charges at all. There was even less awareness among small schemes - only 11% of trust-based schemes with six to 11 members and 21% of contract-based schemes in the same size category thought their members incurred any charges. The report stated: "It is reasonable to conclude that there is low employer awareness of charges, ...