Advisers warned to keep GPP charging structures simple

The warning forms part of a good and poor practice guide produced by an industry working group set up to assess the fairest way of allocating consultancy charges among different scheme members. The Consultancy Charging Working Group also warns advisers against imposing charges that "disproportionately impact" different categories of members. For example, it says high initial charges may disproportionately impact on members paying low contributions. The group, which comprised of trade bodies, pension providers and IFAs, recognised there "is no one single fairest way to allocate cons...