Fee Disclosure to Pension Participants: Establishing Minimum Requirements
Every year pension participants pay billions of dollars in fees. They need information concerning fees to make informed decisions about the services they are purchasing...This analysis of fee disclosure takes into account insights from behavioral economics in assessing the usefulness of different approaches...The report proposes a model fee disclosure. It creates a score card assessing the current fee disclosure in six countries: Australia, Canada, Chile, Sweden, the United Kingdom, and the United States.
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If you have a problem with your retirement plan, free help may be available from the U.S. Administration on Aging's network of Pension Counseling and Information Projects. Find help now.
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We're hearing from people around the country who are worried about cuts to their pensions. These are their stories.
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Did You Know?
A pension plan is a retirement plan that is sponsored by an employer for the purpose of providing retirement income to employees. The most common type of pension plans is a defined benefit plan. Most defined benefit plans provide retirees with guaranteed lifetime payments.