Consultation by the Department for Work and Pensions – Costs, Charges made against the pension fund of Defined Contribution schemes, and the assets owned by members

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  Local Government

16 November 2017

Consultation by the Department for Work and Pensions – Costs, Charges made against the pension fund of Defined Contribution schemes, and the assets owned by members

This briefing and consultation is for members, activists and officers who are in or negotiate defined contribution pension scheme. It is not for members who are in the NHS, or Local Government Pension Scheme or a defined benefit scheme.

Key Issue:  Costs and charges take place when your pension contributions are invested. They can take out a lot of money from your individual pot of cash and assets leaving you with less to live off when you retire. In order to ensure you get the best out of the investments you must know the costs being taken from you.

We would like UNISON members and negotiators to make a contribution to this consultation by contacting the officer below.  There are a set of questions for you to address in the attached circular or you can make some general comments.

Consultation has commenced and finishes on 7 December.

Further information on this subject and another opportunity to respond electronically can be found HERE.

Contact: Colin Meech, National Officer c.meech@unison.co.uk or 0207 121 5595

LG 38 2017 Circular