charges

Buzz respondents don't have much faith in the pensions industry's ability to sort out charges without government intervention. Almost six out of 10 contributors said this wasn't going to happen, while half that number thought the sector was capable of...

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.

The Department for Work and Pensions is considering a ban on active member discounts and the extension of consultancy charge and commission bans to all DC schemes.

The government announcement that it will cap pension fees for auto-enrolment schemes may miss the much bigger point: that annual management changes could be the wrong model altogether.

The government has set out a range of proposals to limit charges in schemes used for auto-enrolment (AE) to either 0.75% or 1%.