The planned cap on pension charges for auto-enrolment schemes, due to come in this April, has been shelved for at least 12 months, according to the FT.
The cap, one of pension minister Steve Webb's key policies, would have seen all auto-enrolment schemes operate on a charging structure of between 0.75% and 1%.
The Department for Work and Pensions (DWP) put a range of options to facilitate the cap out to consultation in October last year. However, nothing had been officially decided.
In October, he told Parliament he wanted to deal with the "scourge of excessive charges" once and for all. However, his plans have been put on hold, according to the FT.
Insiders told the paper the reforms have been put back until at least next year, meaning they may not happen during the current parliament.
A government spokesman said: "This is an important and complex consultation which requires our proper consideration to ensure we get it right and we will confirm a publication date in due course."
After the October announcement the DWP and Webb were criticised for rushing through the cap plans. Provider Aegon warned the 0.75% cap would not work for all schemes and urged the government not to act rashly on the issue.
In December an official report labelled the plans "not fit for purpose". The Regulatory Policy Committee said the DWP's regulatory impact assessment was not up to scratch.
Speaking at the time The People's Pension head of policy Darren Philp said the government had been shown "the red card".
"This was a consultation that lacked detail and was built on sand," he said.
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