Royal London to pay commission on workplace pensions until 2016

The provider announced on Monday it is re-pricing its workplace retirement solutions range to a "market competitive level" within the government's 0.75% default fund charge cap, and removing consultancy charges.  > Read: AE charge cap could force 90,000 scheme reviews < The new pricing will come into effect in April 2015 or at the point of the employer's staging date, but the firm will continue to pay commission until April 2016. The group will also add initial, ongoing and ad hoc adviser charge options to all its retirement solutions group personal pensions in 2016. Advisers who...