Consultation outcome

Review of the Default Fund Charge Cap and Standardised Cost Disclosure

From:: Department for Work and Pensions
Published: 25 June 2020
Last updated: 13 January 2021 — See all updates

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Government response: Review of the Default Fund Charge Cap and Standardised Cost Disclosure

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Government response: Review of the Default Fund Charge Cap and Standardised Cost Disclosure

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Detail of outcome

We published the government’s response to the Review of the Default Fund Charge Cap and Standardised Cost Disclosure on 13 January 2021. The response provides details of next steps.

Original consultation

Consultation description

This call for evidence is seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes.

The document progresses the commitment made by government following the 2017 review of the charge cap to re-examine the scope and level of the charge cap in 2020, and to review permitted charging structures.

This call for evidence seeks views and evidence on the following:

the level and scope of the charge cap applicable to the default arrangement within certain Defined Contribution pension schemes used for Automatic Enrolment
the appropriateness of permitted charging structures and the extent to which they should be limited
options to assess take-up, and widen the use of standardised cost disclosure templates

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