Consultation outcome

Banning member-borne commission in occupational pension schemes

• From: Department for Work and Pensions
• Published: 26 October 2015
• Last updated: 26 January 2016 — See all updates

This was published under the 2015 to 2016 Cameron Conservative government

Applies to England, Scotland and Wales

This consultation has concluded

Detail of outcome

We published the government response to this consultation on 26 January 2016 as part of a new consultation.

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Original consultation

Summary

This consultation seeks views on options for banning member-borne commission payments in occupational schemes used for automatic enrolment.

This consultation ran from
9:30am on 26 October 2015 to 11:45pm on 27 November 2015

Consultation description

This consultation seeks views on the best way of regulating to ban member-borne commission payments in relevant occupational pension schemes that:

• provide money purchase benefits
• are being used as qualifying schemes for automatic enrolment

This consultation follows the government’s announcement in March 2014 that its intention was to prohibit member-borne commission payments to an adviser in such schemes from April 2016.

Documents

Better workplace pensions: banning member-borne commission in occupational pension schemes

PDF, 219 KB, 30 pages

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Published 26 October 2015
Last updated 26 January 2016 + show all updates

1. 26 January 2016

   Added a link to the government response to this consultation.

2. 26 October 2015

   First published.