TPR should avoid regulating DC charges

In its response to the Regulators consultation on: 'Regulating DC schemes in relation to risks to members', which closed on Friday, Standard says it has two main issues with the proposals put forward; the possibility of double regulation and the intention to address charges in DC schemes. Andrew Tully, marketing technical manager at Standard Life, says one particular proposal in the 56-page consultation, to “address the risk of unduly high charges”, is causing the insurer some concerns. He points out in the document the Pensions Regulator reiterates the “Turner says 0.3% and this eats u...