Occupational Pensions

(asked on 12th June 2014) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, whether he proposes that his planned charge cap on workplace pensions from April 2015 will apply to new collective defined contribution schemes.


Answered by
 Portrait
Steve Webb
This question was answered on 17th June 2014

The Government's Defined Ambition Bill will bring new forms of collective pension arrangements to the UK, and it is vital that member protection, good governance and fair charges remain at the heart of this system.

Details of how any charge cap may be applied to Collective Defined Contribution schemes will be in place before this legislation is commenced.

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