Govt to consider charge cap extension in auto-enrolment review

Parliamentary Under Secretary of State for Pensions Richard Harrington (pictured) said he planned to include the charge cap review in the wider review of auto-enrolment, which launched on 12 December. Under current rules, charges for funds used in auto-enrolment schemes must be capped at 0.75%. Harrington said, however, that the government would look at the level of the cap as well as whether some or all transaction costs should be covered by the cap. Contribution levels unchanged The government has meanwhile said it would not change the contribution levels currently in place until ...