The NAPF announced at its Annual Conference in October 2011 that it would be convening an industry Summit to promote transparency in costs and charges. To inform the discussion held at the Summit and to help the development of an industry Code of Practice on costs and charges, the NAPF produced a discussion paper which sets out the proposed aims for a Code of Practice to make pension charges more transparent, identifies for discussion potential issues and problems with the current situation and lists some ideas for improvement and issues for further exploration.

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