Consultation outcome

Banning member-borne commission in occupational pension schemes: government response and consultation on draft regulations

• From: Department for Work and Pensions
• Published: 26 January 2016
• Last updated: 8 March 2016 — See all updates

This was published under the 2015 to 2016 Cameron Conservative government

This consultation has concluded

Detail of outcome

Following the public responses to this consultation we’ve published guidance for service providers and trustees or managers of occupational pension schemes on banning member-borne commission in automatic enrolment pension schemes.

The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations 2016 were laid in Parliament on 8 March 2016.

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Original consultation

Summary

This is the government’s response to the consultation on banning member-borne commission – and a consultation on related draft regulations.

This consultation ran from
26 January 2016 to 11:45pm on 9 February 2016

Consultation description

This is a consultation on draft regulations that the government plans to use to ban member-borne commission in occupational pension schemes – see Annex B of the consultation document. We would welcome views on whether these draft regulations meet the policy decisions set out in this paper.

This is also the government’s response to the earlier consultation Better workplace pensions: banning member-borne commission in occupational pension schemes (October 2015).

Documents

Banning member-borne commission in occupational pension schemes: government response and consultation on draft regulations

PDF, 643 KB, 54 pages

Impact assessment: Banning member-borne commission in occupational pension schemes used for automatic enrolment

PDF, 242 KB, 16 pages

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Regulatory Policy Committee opinion: Banning member-borne commission in occupational pension schemes used for automatic enrolment

PDF, 205 KB, 3 pages

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Published 26 January 2016
Last updated 8 March 2016 + show all updates

1. 8 March 2016

   Added a link to the guidance on banning member-borne commission published following this consultation.

2. 26 January 2016

   First published.