Pensions minister Steve Webb has said the government is "absolutely prepared" to cap private pension fund management charges if they hinder saving.
Lord McFall has called for an industry code of practice to establish a normal 0.5% for defined contribution management fees.
The Pensions Action Group supports Lord McFall's conclusions but said its members had already lived by many of his recommendations and still financially lost out.
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Government should cap defined contribution scheme charges to match the existing limits on stakeholder pensions to avoid complaints about ‘mis-selling', the Workplace Retirement Income Commission says.
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The Workplace Retirement Income Commission has cancelled today's interim report findings because it has gathered enough evidence to present a final report to government next week, it says.