Steve Webb

Rachel Dalton looks at how Steve Webb’s policies have adapted

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.

The Department for Work and Pensions is considering a ban on active member discounts and the extension of consultancy charge and commission bans to all DC schemes.

The government has set out a range of proposals to limit charges in schemes used for auto-enrolment (AE) to either 0.75% or 1%.

Rachel Dalton says Steve Webb is moving towards firm action on charges

Pensions minister Steve Webb has said the ban on individual transfers into the National Employment Savings Trust (NEST) will be lifted before 2017.

The government has tabled amendments to the Pensions Bill 2013 that will allow it to impose a charge cap on schemes.

The National Association of Pension Funds (NAPF) says it will continue pushing for a central aggregator model for automatic transfers despite imminent legislation on pot follows member (PFM).

Pensions minister Steve Webb has warned the government will be tough on workplace scheme charges.

Pensions minister Steve Webb has rebuffed calls from industry members to merge The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) saying it is not the right time.