Charge cap 'must not be stifle innovation'

Naomi Rainey looks at the industry’s response to the DWP charge cap consultation

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The Department for Work and Pensions' (DWP) charge cap consultation could be seen as a victory for those campaigning for action on high savings costs.

However, there have been some well-publicised warnings about the potential fallout of a limit on fees, not least from the Office of Fair Trading's (OFT) defined contribution (DC) report. Industr...

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