Treasury set for 1.5% cap - papers 14th June

According to both The Sunday Times and this weekend's FT the 1% cap on annual management charges looks set to be lifted to 1.5% after warnings issued by the industry suggest the current cap would make it difficult for firms to sell the products. Proposal to introduce a 3% or 5% initial charge has,however, been rejected, Whitehall sources said. LOOKING AT today's news,The Scotsman reports a new survey suggests the Pensions Bill, which includes measures aimed at promoting occupational pension schemes, will be more likely to decrease provision and add to employers' costs. "Following t...