UK Parliament / Open data

Pensions Bill

Moved by

Lord Lawson of Blaby

63: After Schedule 17, insert the following new Schedule—

Schedule

Work-based schemes: requirements for disclosure of charges and other information

The Secretary of State shall by regulations make provision to require disclosure at least annually of the following management and transaction charges incurred by the administration and management of each investment portfolio managed by or on behalf of a work-based scheme—

(a) fees and performance fees paid to investment managers,

(b) commissions and bid-offer spreads paid to brokers,

(c) bid-offer spreads paid to foreign exchange counterparties,

(d) fees, revenue splits and bid-offer spreads paid to custodian banks,

(e) fees paid to in-house or third party scheme administrators,

(f) fees paid to professional advisors (e.g. actuaries, legal advisers, auditors, investment consultants etc.),

(g) initial charges, bid-offer spreads, exit charges, other fees and rebates charged on investments in pooled funds.”

About this proceeding contribution

Reference

751 c291GC 

Session

2013-14

Chamber / Committee

House of Lords Grand Committee

Legislation

Pensions Bill 2013-14
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