I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222

Delay in pensions charge cap ‘makes sense’ says Barnett Waddingham

Published by Damian Stancombe on

Commenting on reports today that the government is to delay the cap on management fees charged by pension providers, Damian Stancombe, partner, says:

“This delay makes sense as the pensions industry has bigger fish to fry with the thousands of small companies who must auto-enrol their staff into a pension this year, this may be the real reason for the delay.

“The proposed cap on fees is a bit of a blunt instrument in that it does not address the fundamentals of what really adds value to a scheme member’s pension outcomes. Trustees and companies need to understand that capping charges may not result in the best possible final pension for scheme members."

About the author

  • Damian Stancombe

    Damian heads up the Workplace Health and Wealth team for Barnett Waddingham. Damian advises a range of UK corporate and trustee clients on their workplace health and wealth issues; from scheme design through to ongoing governance for all defined contribution arrangements.

    View Biography

Updates delivered to you

Stay ahead with our latest comment, expert insight and event details.