The Pensions and Lifetime Savings Association provides a recommended scale of charges for private sector occupational pension schemes to use when providing information on pension-sharing orders. The guidance also includes a flowchart that shows the circumstances in which charges can be made.
The table shows the recommended scale of charges for providing information in relation to, and for the implementation of, pension sharing orders by private sector occupational pension schemes. It also indicates the circumstances in which such charges may properly be levied. The suggested amounts are indicative only and schemes may feel that it is appropriate to raise charges that are higher or lower than those stated, depending on all the circumstances and (in particular) the likely amount of work involved in complying with any member's request.
