DWP sets de-minimis for flat-fee AE charges and launches work to standardise cost reporting
The Department for Work and Pensions (DWP) will ban the charging of flat fees on AE auto-enrolment (AE) pots below £100 and launch work on how to standardise cost and charges reporting.
The government's response to its review of the default fund charge cap and standardised cost disclosure, published today, said that pensions pots that are worth £100 or less, and are saved through AE,...
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