The Department for Work and Pensions published its consultation paper Better workplace pensions - a consultation on charging earlier this week: see here (pdf). Views are sought on a wide range of matters, including whether a cap on pension scheme charges should be introduced. This consultation follows a call for evidence earlier this year regarding standards in workplace defined contribution pension schemes (including scheme governance): see here. In September the Office of Fair Trading published the results of a market study and stated that relying on competition alone was not sufficient to provide value for money for savers in respect of defined contribution workplace pensions: see here.
Friday 1 November 2013
UK: DWP publishes 'Better workplace pensions: a consultation on charging'
The Department for Work and Pensions published its consultation paper Better workplace pensions - a consultation on charging earlier this week: see here (pdf). Views are sought on a wide range of matters, including whether a cap on pension scheme charges should be introduced. This consultation follows a call for evidence earlier this year regarding standards in workplace defined contribution pension schemes (including scheme governance): see here. In September the Office of Fair Trading published the results of a market study and stated that relying on competition alone was not sufficient to provide value for money for savers in respect of defined contribution workplace pensions: see here.
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