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ACA highlights concerns in response to DWP Charge Cap consultation

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Published on: 16 April 2021

Published by LNB News

LNB News 16/04/2021

Document Information

Issue Date: 16 April 2021

Published Date: 16 April 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Association of Consulting Actuaries (ACA) has published its response to the Department for Work and Pensions (DWP) consultation on Incorporating Performance Fees within the Charge Cap. The ACA sets outs a number of concerns in its response. While the ACA welcomes greater clarity on performance fee calculations and 'look through' mechanisms for fee disclosures, it also highlights that the devil will be in the detail. In its response, the ACA also sets out its views on the additional barriers faced by DC pension schemes to investing in less liquid asset classes.

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