Regulation 25 Administration charges

The administration charges that apply in relation to members of a Master Trust scheme must not include—

(a)

costs incurred as a result of buying, selling, lending or borrowing investments;

(b)

where a court order provides for the recovery by the trustees of costs incurred in complying with the order, the amount of those costs;

(c)

charges permitted by regulations made under section 24 or 41 of the Welfare Reform and Pensions Act 1999^f1 (charges by pension arrangements in relation to earmarking orders and charges in respect of pension sharing costs);

(d)

costs solely associated with the provision of death benefits.

Annotations

Footnotes

f1: 1999 c. 30; section 24 was amended by section 263(10)(b) of, and paragraph 158(2) of Schedule 27 and Schedule 30 to, the Civil Partnership Act 2004 (c. 33), and by article 2(2) of S.I. 2005/3175.