JLT halts consultancy charging until DWP investigation concludes

Last year the DWP began investigating consultancy charging, in which the cost of advising employers and workers is deducted from members' pots. It is considering banning or restricting the practice. Employee benefit consultants are split on whether consultancy charging is good value for members, with some firms claiming there is a place for the method, and others refusing to use it. JLTEB director Richard Roper said the firm has suspended consultancy charging until the DWP clarifies its position. He said: "We do not want to be in a situation whereby we implement a charging structur...