Mini Budget 22: DC pension charge cap regs brought forward

In his Mini Budget today (23 September) chancellor Kwasi Kwarteng announced the government will bring forward draft regulations to give defined contribution (DC) pension schemes the "clarity and flexibility" to invest in the UK's innovative businesses and productive assets creating opportunities to deliver higher returns for savers. Today's fiscal event revealed the government will bring forward draft regulations to "remove well-designed performance fees from the occupational DC pension charge cap, ensuring that savers benefit from higher potential investment returns while providing clar...