Capping charges or capping innovation?

JP Morgan’s Simon Chinnery argues a charge cap will damage savers

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Pensions minister Steve Webb has indicated that the Department for Work and Pensions (DWP) is considering a cap on charges for workplace pensions.

As the Office of Fair Trading (OFT) highlighted in September, it is undoubtedly true that some defined contribution (DC) members, typically in legacy schemes, are paying well over the odds. However...

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