In line with this, insurance providers are to be forced to ensure their schemes are independently scrutinised, also by April 2015.Webb said the requirement for governance committees in non-trust schemes means there would be, for the first time, a body acting on behalf of members in every pension scheme.The 75bps charge cap move by the government represents a much harder line than three previous options put out to consultation.In October 2013, the Department for Work & Pensions (DWP) suggested imposing either an absolute 75bps or 100bps cap, or allowing a comply and explain mechanism between the two.The consultation, however, led to further complications for the government, as it was forced to delay its response and suggested measures, with a cap initially expected to be in place by next week, and not 2015.However, after eventually forging a response, the 75bps will also be joined by increased transparency requirements for pension schemes.Under a new legal duty, trustees and independent governance committees will be forced to demand all charge data from providers, in order to scrutinise value for money.The government is also to consult with the Financial Conduct Authority on how to define additional member transaction costs for disclosure, and how to include this in the cap.“Over the next 10 years, the new charge cap will transfer £200m from the profits of the pensions industry to the pockets of savers,” Webb said.“To shine some light into the dark corners of the pensions industry, we will enforce full transparency on all charges faced by pension members. People need to have confidence [they’re] putting money into good pension schemes where their money will be looked after.”In additional moves, the government will also outlaw active member discounts, where charges are added when a member moves employers and ceases contributions.It will also outlaw consultancy charging and commission, where members are charged, via the scheme, for services received by their employer or sales commission. The UK government has moved to cap the charges borne by members saving into auto-enrolment defined contribution (DC) schemes, as its overhaul of the market continues.Announcing the reforms in Parliament, pensions minister Steve Webb said the proposed 75 basis point cap on DC default fund charges would be in place by April 2015.Schemes with all-inclusive annual and default fund charges will also see equivalent caps put into place.The government will also compel DC pension providers to reveal fully all member-borne charges to either trustees or independent governance committees in the case of non-trust DC schemes.
It’s a dog’s life for Jackson the King Charles Spaniel.Not only was he born across the border in Co Tyrone but now he is being forced to follow the Donegal footballers. Not that Jackson minds taking the lead.Jackson is owned by Letterkenny Cllr Jimmy Kavanagh who even bought him his own jersey for this Sunday’s big game.And Jimmy has even gone one further.He is putting up a €20 prize for the best photo caption to go with this picture of Jackson. All you have to do is to send your captions to firstname.lastname@example.org and we’ll do the rest.It’s a ruff life – or at least it will be for all the Dublin supporters come Sunday afternoon!EndsTELL US WHAT JACKSON THE DONEGAL SUPPORTER IS SAYING AND WIN €20! was last modified: August 24th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:competitiondonegalJackson the KIng Charles
Posted in mytdrrskTagged: 上海哪里有洋人服务, 上海哪里还有zj, 上海夜网ID, 上海夜网论坛DW, 上海夜网论坛PU, 上海浦西桑拿, 全国严打夜场什么时候结束, 南京贵族宝贝, 南京阅江楼, 厦门哪有不正规的spa, 夜上海论坛LW, 爱上海JA, 爱上海OF, 紫峰一号公主可以上吗, 重庆大学城怎么叫服务.