Pensions progress
A new pensions industry code of conduct on communicating information about changes in defined contribution (DC) pension schemes to employers has been welcomed by the TUC.
As part of auto enrolment, many employers are required to set up a workplace pension scheme for the first time. Under the new code, providers and advisers will be required to tell companies how their staff will be affected by charges taken out of individual pension pots.
Meanwhile, the TUC has also responded positively to the publication of the Government's new reinvigoration strategy for workplace pensions.
TUC on code of conduct @
http://www.tuc.org.uk/economy/tuc-21713-f0.cfm
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