Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Gregg McClymont on 2014-06-12.

To ask the Secretary of State for Work and Pensions, whether he proposes that his planned charge cap on workplace pensions from April 2015 will apply to new collective defined contribution schemes.

Steve Webb

The Government’s Defined Ambition Bill will bring new forms of collective pension arrangements to the UK, and it is vital that member protection, good governance and fair charges remain at the heart of this system.

Details of how any charge cap may be applied to Collective Defined Contribution schemes will be in place before this legislation is commenced.