Pension funds

The Investment Management Association (IMA) has denied pension fund managers are excessively trading assets and hiding the cost this presents to consumers.

Pension fund managers are creating £3.1bn in undisclosed extra costs to consumers by excessively trading assets, new research has suggested.

Pensions minister Steve Webb has been accused of "jumping on the bandwagon" and misleading the public on pension fund management charges.

The National Association of Pension Funds (NAPF) will publish a list of pension legislation it thinks should be scrapped in the new year.

Pension funds are developing a code of conduct around charging transparency which will see customers told "in pounds and pence" how much of their savings are lost in management charges.

Billy Mackay takes a look at recent pension developments and asks whether they will benefit clients and advisers

Pension scheme analysts are urging trustees to keep their heads and avoid "feeding the frenzy" after global markets nosedived this week.

Most defined contribution scheme members will not know how much they pay in fees for their scheme.

Solvency II-style capital requirements for UK pensions schemes will be put in place by the European Commission before the end of the decade, industry sources said.

Life company pension funds from Scottish Equitable and Scottish Life are among those which have consistently failed to beat inflation over the past decade, despite holding £14bn in savings, according to Hargreaves Lansdown research.