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PLSA publishes its submissions to DWP’s consultation on the charge cap

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Published on: 19 April 2021

Published by LNB News

LNB News 19/04/2021

Document Information

Issue Date: 19 April 2021

Published Date: 19 April 2021

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

Article summary

The Pensions and Lifetime Savings Association (PLSA) has published the comments it submitted to the Department for Work and Pensions’ (DWP) consultation on whether to incorporate performance fees within the charge cap. The PLSA has said that it supports the proposal to amend the charge cap calculation. It also approved of the notion behind the proposals, namely to widen the range of options available for defined contribution schemes to invest into. However, the PLSA has expressed concerns that the proposed changes will not make a significant difference to the amount of investment in illiquids.

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