Better workplace pensions: a consultation on charging

This consultation sets out a range of measures to address pension charges in defined contribution workplace pension schemes aimed at protecting employees from poor pension returns due to pension charges. The consultation seeks views on whether:

• further action is required to improve transparency and disclosure of pension charges
• a cap on charges in default funds of defined contribution qualifying schemes should be introduced
• differential charging between active and deferred members, consultancy charges and commissions should be banned in defined contribution qualifying schemes