After a tumultuous but ultimately understated experience in the United States for the long-delayed rollout of retirement plan fee disclosures, the United Kingdom will be following suit this year.
Reuters reports that private pension companies in the U.K. will also be forced to reveal the investment and operating fees and the costs to employee retirement savings, all part of an agreement created by the Association of British Insurers.
The industry organization, which represents pension and insurance organizations among some of the U.K.'s largest pension plans, has received support for the plan from major companies including Aviva and Prudential.
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