DWP clarifies auto-enrolment consultant fee rules

clock

The Department for Work and Pensions has clarified the way in which consultants are allowed to charge for setting up group personal pensions for auto-enrolment.

An update from the Financial Services Authority issued last week said that consultancy charges could not be taken from contributions when employers were paying only the minimum contribution, as con...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Rise in reported cyber incidents in 2023/24

Rise in reported cyber incidents in 2023/24

Eversheds Sutherland finds 284 reported cyber incidents occurred in last financial year for pensions

Jasmine Urquhart
clock 22 November 2024 • 1 min read
TPO orders trustee director to repay £9.7m into schemes

TPO orders trustee director to repay £9.7m into schemes

Former director of trustee firm ordered to pay into Uniway Systems and Genwick schemes

Jasmine Urquhart
clock 19 November 2024 • 1 min read
SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

Trade body says it mostly supports the DWPs proposed regulations

Jasmine Urquhart
clock 18 November 2024 • 1 min read
Trustpilot