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Better workplace pensions: a consultation on charging

This consultation seeks views on a range of measures to tackle pension charges to protect employees in workplace defined contribution pension schemes.

Last fetched 03 May 2026 · gov.uk
Detail

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
Documents
Better workplace pensions: a consultation on chargingapplication/pdfBetter workplace pensions: a consultation on charging (rich text format)application/mswordBetter workplace pensions: a consultation on charging (Welsh)application/pdfBetter workplace pensions: a consultation on charging: impact assessmentapplication/pdfBetter workplace pensions: further measures for saversapplication/pdfBetter workplace pensions: further measures for savers (print version)application/pdfBetter workplace pensions: further measures for savers (print version – cover only)application/pdfBetter workplace pensions: further measures for savers (rich text format)application/mswordBetter workplace pensions: further measures for savers (Welsh summary)application/pdfCharges in Qualifying Pension Schemes: impact assessment (final stage)application/pdfCharges in Qualifying Pension Schemes: Regulatory Policy Committee opinion of impact assessmentapplication/pdfMinimum Governance Standards for DC workplace pensions: impact assessmentapplication/mswordMinimum Governance Standards for DC workplace pensions: Regulatory Policy Committee opinion of impact assessmentapplication/pdf