Source · Select Committees · Work and Pensions Committee
Recommendation 15
15
Deferred
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.
Government response summary AI-generated
The government states that the FCA will be responding to this recommendation separately.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
63
Government Response
Deferred
HM Government · verbatim extract
Deferred
We understand that the FCA will be responding to this recommendation separately. Government and Financial Conduct Authority Responses to the Committee’s Fifth Report 9
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