Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government paper.
Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.
Since the coalition came to power in 2010, Steve Webb has been charged with the task of implementing auto-enrolment. Helen Morrissey spoke to the pensions minister about the first year of AE and challenges that lie ahead
Ministers have outlined the options being put forward to implement a ban on pension scheme charges above 1%.
Pensions minister Steve Webb plans to cap charges on auto-enrolment pension schemes at 0.75%.
The government will "move quickly" to place a cap on pension charges and a consultation is due imminently, pensions minister Steve Webb has said.
Pensions minister Steve Webb faced questions in Parliament yesterday over the Department for Work and Pension's (DWP) stance on scheme charges.
The Department for Work and Pensions (DWP) has focused hard on promoting a positive image auto-enrolment (AE).
The Department for Work and Pensions (DWP) has amended regulations to provide alternative pay period definitions for assessing jobholder status and scheme quality.
The Department for Work and Pensions (DWP) is to examine ways to help savers "exploited" by high-charging legacy pensions exit the schemes.