The charge cap will apply to all defined contribution workplace schemes - here is a (non-exhaustive) list of what is included in the cap and what isn't.
The charge cap will be set at 0.75% of funds under management or equivalent to 0.75% for schemes with combination charge structures. This will cover all member-borne deductions (MBDs), excluding...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
