Calls for pressure to be lifted on DC pots and potential scrap of flat fees

Hope William-Smith
clock • 3 min read

Consultants have warned that cost constraints are holding defined contribution (DC) schemes back, responding to a Department for Work and Pensions’ (DWP) consultation on the effectiveness of costs, charges and transparency measures.

The DWP's call for evidence opened in June to progress commitment made by the government following the 2017 review of the charge cap to re-examine the scope and level of the charge cap in 2020. ...

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Hope William-Smith
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Hope William-Smith

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