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<p>The Government remains committed to ensuring that members of pension schemes are
able to obtain information about the costs and charges which they bear. Although it
is not a legal requirement, the Government expects that many schemes will choose to
publish their annual Chair’s Statement. In due course, the Government intends to make
regulations requiring information about scheme costs and charges to be published.</p><p>
</p><p>Trade unions that are recognised to any extent for the purposes of collective
bargaining in relation to members of the scheme are entitled to receive a copy of
the Chair’s Statement. Trade unions which do not meet these criteria are not entitled
to receive a copy of the Chair’s Statement. However, beneficiaries of pension schemes
who are members of trade unions which are not recognised for collective bargaining
purposes may still request the information and pass it on to their union or any other
person.</p><p> </p><p>We intend to publish a summary of the evidence received on transaction
costs in pension schemes when we announce our next steps, which will follow in due
course.</p>
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