DWP says trustees will not be on hook for ending commission charging

Stephanie Baxter
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DWP says trustees will not be on hook for ending commission charging

The Department for Work and Pensions (DWP) has set out plans to impose a regulatory ban on member-borne commissions on service providers, dismissing concerns the responsibility could fall entirely on trustees.

It proposed draft regulations to stop providers from levying a charge on members to recover the costs of commission payments to advisers. This is in response to the government's wider consultation last...

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