Labour: Webb's commitment to charge cap 'shamefully collapsed'

A Pension Bill amendment tabled by Browne demanded the government lay regulations on a charge cap before next year's election, following speculation the Department for Work and Pensions (DWP) will abandon the proposals. During the House of Lords debate, Browne suggested the pensions industry had successfully lobbied the government to drop plans to restrict costs in defined contribution (DC) schemes. He said: "In announcing the consultation and the choices for capping he quite deliberately attracted headlines that created an expectation that a cap would be introduced shortly, probably ...