Pension politicians cautiously back charges code

The code, published today, scales back on a previous commitment to expressing charges in "pounds and pence", but demands all providers and advisers list their charges in a standard template for employers setting up schemes for auto-enrolment. Pensions minister Steve Webb (pictured) said the code was a "useful starting point" as auto-enrolment is rolled out, but argued the government would take action if there is insufficient progress. He said: "We welcome today's announcement on the introduction of a joint industry code of conduct on making pensions charges clear to employers - it's a...