Review of the Default Fund Charge Cap and Standardised Cost Disclosure: Call for Evidence

Overview

The Government committed to review the charge cap this year and this call for evidence together with a Pension Charges Survey, will inform future decisions.

This call for evidence is seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes. In particular, we are seeking views on the following:

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

Completing the survey through these online questions will help us gather all the responses in a way that helps our anaylsis.