DWP confirms exemption to exclude performance fees from charge cap calculations

The DWP said regulations will be brought into force by the Spring

Holly Roach
clock • 3 min read
Pensions minister Laura Trott Image: parliament.uk (CC BY 3.0)
Image:

Pensions minister Laura Trott Image: parliament.uk (CC BY 3.0)

The Department for Work and Pensions (DWP) has confirmed schemes in scope will be able to apply the exemption to exclude specified performance-based fees from charge cap calculations from 6 April 2023.

In response to its Broadening the investment opportunities of defined contribution (DC) pension schemes consultation - published today (30 January) - the government said it has replaced its previou...

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