Regulatory AlertsPS20/2: Publishing and disclosing costs and charges to workplace pension scheme members and amendments to COBS 19.8
The Financial Conduct Authority issued Policy Statement PS20/2 to finalize rules regarding the disclosure of costs and charges to workplace pension scheme members. This document implements amendments to COBS 19.8, establishing requirements for how providers must publish and communicate fee information to ensure transparency. The policy follows a consultation period that ran from February to May 2019, aiming to improve member understanding of pension costs.
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