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