MPs ratchet up pressure on govt to ban consultancy charging

The call comes during a Department for Work and Pensions (DWP) investigation into the practice, in which employee benefits consultants and advisers take a charge for setting up the scheme from members' pots. Pensions minister Steve Webb told the committee in an earlier evidence session the DWP was considering other methods of ensuring fairness for members such as improving charging transparency. However, the committee, in its report Improving governance and best practice in workplace pensions, said charging structures are too complex to achieve the transparency that could demonstrate ...