DWP consults on removing charge cap performance fees

DC schemes could exclude them from the cap if it’s in the members’ best interests

clock • 3 min read
Attribution 3.0 Unported (CC BY 3.0)

Attribution 3.0 Unported (CC BY 3.0)

The Department for Work and Pensions (DWP) has issued a consultation on removing performance-based fees from the defined contribution (DC) charge cap to drive investment in illiquid assets.

The Broadening the Investment Opportunities of DC Pension Schemes consultation comes weeks after the chancellor's Mini Budget, which set out the government's intentions to take these fees out of th...

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