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. ...

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

UK Pension Schemes Act - Turning reform into better retirement outcomes

UK Pension Schemes Act - Turning reform into better retirement outcomes

Steve Charlton says reforms should be judged by whether they actually improve outcomes

Steve Charlton
clock 06 July 2026 • 3 min read
Private markets putting increased focus on DC asset allocation

Private markets putting increased focus on DC asset allocation

Hymans says VfM framework could be one of the most ‘significant’ DC market developments in recent years

Martin Richmond
clock 06 July 2026 • 4 min read
TPR launches phased communications programme for DC schemes

TPR launches phased communications programme for DC schemes

Programme will ensure DC plans are ready for the higher Pension Schemes Act standards

Holly Roach
clock 25 June 2026 • 2 min read
Trustpilot