Universal charging structure flops in industry feedback

Responses to the DWP’s consultation proposing the structure were critical

Hope William-Smith
clock • 3 min read
The original proposals in the May consultation include the introduction of a de minimis fund of £100
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The original proposals in the May consultation include the introduction of a de minimis fund of £100

The proposed move to a single universal charging structure for default funds of qualifying defined contribution (DC) pension schemes used for auto-enrolment (AE) has little industry support, the Department for Work and Pensions (DWP) finds.

The department yesterday (9 November) published the outcome of a May consultation on permitted charges within DC schemes, which included proposals on how to implement the charge threshold and eventually...

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