Consultation outcome

Better workplace pensions: a consultation on charging

From:
Department for Work and Pensions and The Rt Hon Steve Webb
Published
30 October 2013
Last updated
17 October 2014 — See all updates
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Read the full outcome

Better workplace pensions: further measures for savers

Ref: ISBN 9781474101448, Cm. 8840

PDF, 1.48 MB, 120 pages

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Better workplace pensions: further measures for savers (print version)

Ref: ISBN 9781474101431, Cm. 8840

PDF, 2.25 MB, 120 pages

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Better workplace pensions: further measures for savers (print version – cover only)

PDF, 120 KB, 1 page

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Better workplace pensions: further measures for savers (rich text format)

Ref: Cm. 8840

MS Word Document, 1.12 MB

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Better workplace pensions: further measures for savers (Welsh summary)

Ref: ISBN 978-1-78153-859-3

PDF, 132 KB, 8 pages

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Charges in Qualifying Pension Schemes: impact assessment (final stage)

PDF, 351 KB, 56 pages

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Charges in Qualifying Pension Schemes: Regulatory Policy Committee opinion of impact assessment

PDF, 97.2 KB, 3 pages

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Minimum Governance Standards for DC workplace pensions: impact assessment

MS Word Document, 324 KB

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Minimum Governance Standards for DC workplace pensions: Regulatory Policy Committee opinion of impact assessment

PDF, 105 KB, 3 pages

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Detail of outcome

This publication sets out the government’s response to the consultation on a range of measures to address pension charges, to protect employees in workplace defined contribution pension schemes.

The new measures outlined in this paper are also based on the evidence gathered from

Chapter 1 includes a further consultation on the minimum governance standards and transparency of workplace pension schemes. The government’s response to this is included in Better workplace pensions: putting savers interests first.

Original consultation

Summary

This consultation seeks views on a range of measures to tackle pension charges to protect employees in workplace defined contribution pension schemes.

This consultation ran from
to

Consultation description

This consultation sets out a range of measures to address pension charges in defined contribution workplace pension schemes aimed at protecting employees from poor pension returns due to pension charges. The consultation seeks views on whether:

  • further action is required to improve transparency and disclosure of pension charges
  • a cap on charges in default funds of defined contribution qualifying schemes should be introduced
  • differential charging between active and deferred members, consultancy charges and commissions should be banned in defined contribution qualifying schemes

Documents

Better workplace pensions: a consultation on charging

Ref: ISBN 9780101873727, Cm. 8737

PDF, 1.22 MB, 45 pages

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Better workplace pensions: a consultation on charging (rich text format)

Ref: ISBN 9780101873727, Cm. 8737

MS Word Document, 1.39 MB

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Better workplace pensions: a consultation on charging (Welsh)

Ref: ISBN 978-1-78153-859-3, Cm. 8737

PDF, 503 KB, 9 pages

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Better workplace pensions: a consultation on charging: impact assessment

PDF, 508 KB, 35 pages

Updates to this page

Published 30 October 2013
Last updated 17 October 2014 + show all updates

  1. Added link to 'Better workplace pensions: putting savers' interests first'. This includes a response to the consultation on the minimum governance standards and transparency of workplace pension schemes in chapter 1 of 'Better workplace pensions: further measures for savers'.

  2. Added the Regulatory Policy Committee opinions on the impact assessments.

  3. Published addtional impact assessment – Minimum Governance Standards for DC workplace pensions: impact assessment

  4. Published the government's response to the consultation (Better workplace pensions: further measures for savers).

  5. First published.

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