PARLIAMENTARY WRITTEN QUESTION
Workplace Pensions: Fees and Charges (4 June 2019)
Question Asked
To ask the Secretary of State for Work and Pensions, what recent assessment she has made of the effect of auto-enrolment on charging levels in the pensions sector.
Asked by:
Dame Angela Eagle (Labour)
Asked by:
Dame Angela Eagle (Labour)
Answer
DWP’s latest pension charges survey, published in October 2017, found that most schemes charge between 0.38 and 0.54% depending on the type of pension. This is well within the 0.75% charge cap which applies to the default fund of pension schemes used for automatic enrolment.
The October 2017 charges survey can be found here:
This matter is always kept under review.
Answered by:
Guy Opperman (Conservative)
11 June 2019
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