Consultation outcome

Banning member-borne commission in occupational pension schemes

This consultation has concluded

Detail of outcome

Original consultation

This consultation ran from to

Summary

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

Documents

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.