MPs welcome AE scheme consultancy charging ban

Last week the government announced it would ban advice charges deducted from members' pots, and would consult on introducing a cap on default fund charges later this year. In its review of auto-enrolment, the committee demanded the government ban member-borne consultancy charges and claimed they rarely represent good value for workers. Committee chairman Dame Anne Begg said: "I am pleased that the government has acted on my committee's recommendation and announced its intention to ban consultancy charging for auto-enrolment pension schemes. "Consultancy charges can seriously impact...