How AE charge cap will affect the industry

Naomi Rainey looks at the impact of DWP's plans to cap auto-enrolment charges

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March was a busy month for pensions. Hot on the heels of Chancellor George Osborne's radical overhaul of retirement income provision, the Department for Work and Pensions (DWP) laid out its plans for defined contribution (DC) charges.

Pensions minister Steve Webb announced his intentions to "put charges in a vice" and to "tighten the pressure, year-after-year". That vice took the shape of a 0.75% annual limit on member-borne ...

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