DWP Pension Charges Survey 2016

Trustees Agenda posted on 26 October, 2017

The DWP has published a report summarising how charges in DC pension schemes have changed since measures were introduced in April 2015 and April 2016.

The report found that the charge cap has lowered charges in qualifying schemes to the level of the cap or below, with as many as 98% of members in qualifying contract-based schemes and 99% of members in qualifying trust-based schemes now paying a maximum of 0.75%.