Source · Select Committees · Work and Pensions Committee
Recommendation 18
18
Acknowledged
Paragraph: 63
The charge caps on default pension saving products used for auto-enrolment are an important part...
Conclusion
The charge caps on default pension saving products used for auto-enrolment are an important part of ensuring good value for savers who have not made an active decision about where their pension should be invested. However, we support the Government’s decision to review whether there are other charging structures which could better enable long-term and resource intensive investments, such as in infrastructure, while continuing to protect savers’ interests.
Government response summary AI-generated
The government notes the committee's concern regarding charge caps and confirms its support for reviewing alternative charging structures to facilitate long-term investments while protecting savers' interests.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
63
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
The Government notes the Committee’s concern that charge caps on default pension saving products used for auto-enrolment are an important part of ensuring good value for savers who have not made an active decision about where their pension should be invested. The Government supports the review of whether there are other charging structures which could better enable long-term and resource intensive investments, such as in infrastructure, while continuing to protect savers’ interests.
Read the full response on Parliament ↗