PARLIAMENTARY WRITTEN QUESTION
Workplace Pensions (27 June 2019)
Question Asked
To ask the Secretary of State for Work and Pensions, if she will make it her Department's policy to continue to include performance fees within the pensions charge cap.
Asked by:
Dame Angela Eagle (Labour)
Asked by:
Dame Angela Eagle (Labour)
Answer
Performance fees of all types have been subject to the automatic enrolment charge cap since 6 April 2015, when the Charges and Governance regulations (http://www.legislation.gov.uk/2015/879 ) came into force.
It remains our policy that these fees should be subject to the cap. Savers who join a workplace pension scheme without choosing where to save or whether to save should not pay more than 0.75% or an equivalent combination charge over the year
Answered by:
Guy Opperman (Conservative)
3 July 2019
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