DWP will consider further in regulation review
Challenging lump-sum approach
Some AE schemes face £5m a year levy rise
Pensions team stays put while local government department sees shake-up
Pension transfers will be red-flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government on Friday.
The Department for Work and Pensions (DWP) will ban the charging of flat fees on auto-enrolment (AE) pots valued at or below £100 and launch work on how to standardise cost and charges reporting.