Source · Select Committees · Work and Pensions Committee
Recommendation 15
15
Paragraph: 63
There is a charge cap for savers who default to a scheme through auto-enrolment.
Recommendation
There is a charge cap for savers who default to a scheme through auto-enrolment. We recommend that there should be a similar charge cap for non-advised savers choosing a decumulation product through investment pathways. The Financial Conduct Authority should report on this as part of its upcoming review on investment pathways.
Paragraph Reference:
63
Government Response
Acknowledged
HM Government
Acknowledged
We understand that the FCA will be responding to this recommendation separately.