Pension charges code of conduct launched

The code, drawn up by industry bodies such as the Association of British Insurers (ABI) and the Investment Management Association (IMA), aims to bring consistent disclosure of charges and investment costs to firms as auto-enrolment beds in. It will apply to all parties providing services to employers in setting up and administering pension schemes for auto-enrolment - including insurance companies, financial advisers, and any other professionals offering paid advice. Trust-based pension schemes will also be covered. The code specifies that all charges are clearly and accurately stated...