Labour vows to cap scheme charges and force annuity broker use

Jenna Towler
clock

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

The opposition also said in a statement that it would force "high charging and inefficient" pension providers to improve or merge. The proposed cap measures are similar to the plans put forward ...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Pension Schemes Bill will give ministers 'unlimited powers' on DC investments

Pension Schemes Bill will give ministers 'unlimited powers' on DC investments

‘Henry VIII’ clauses set no limits on amount or type of assets which government could force pension funds to buy

Jonathan Stapleton
clock 10 March 2026 • 3 min read
Apollo to launch multi-sector private credit LTAF following FCA authorisation

Apollo to launch multi-sector private credit LTAF following FCA authorisation

Asset manager says the launch of its first LTAF comes in a bid to serve DC schemes

Jonathan Stapleton
clock 10 March 2026 • 2 min read
Trustees should act now to prepare for DC scale requirements, TPR urges

Trustees should act now to prepare for DC scale requirements, TPR urges

Regulator says there is ‘significant momentum’ and growth potential in the master trust sector

Martin Richmond
clock 09 March 2026 • 3 min read
Trustpilot