Govt plans to cap auto-enrolment pension charges at 0.75%

Speaking during the House of Commons debate on the Pensions Bill Webb said a consultation on how to deal with the "scourge of excessive charges" would be launched tomorrow.  He added the 0.75% cap would be one of a range of options outlined by the Department for Work and Pensions."We will look at how far we can get with disclosure and transparency," he said. "But also some options on an absolute charge cap. "I can tell the house we will include the option of a 0.75% charge cap on workplace pension schemes. This will, I believe, be a tougher charge cap than the opposition have called f...