scheme fees

The government has banned consultancy charging in auto-enrolment schemes and will propose a cap on default fund charges in a forthcoming consultation.

The vast majority of respondents supported the prospect of asset managers disclosing total annual costs to institutional investors. Fewer than one in 20 rejected the idea.

Jack Jones looks at the IMA's sea change on charges

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Pensions minister Steve Webb has reiterated his opposition to a cap on scheme charges and said he prefers to "shame" or "praise" schemes and employers to encourage high quality provision.

The industry has welcomed an Office of Fair Trading probe into defined contribution schemes' value for money as the charges debate rolls on.

The third annual Kim Gubler Consulting Actuarial Fee Survey has shown larger schemes are benefiting significantly from economies of scale.

Taha Lokhandwala looks at the latest actuarial fee survey from Kim Gubler Consulting

National Association of Pension Funds chief executive Joanne Segars has defended aspects of its code of conduct on charges.

Labour leader Ed Miliband has pledged to put a 1% cap on pension fund charges in a bid to reignite his campaign against "rip off" costs, as millions of people enter auto-enrolment.