Guidance

The charge cap: guidance for trustees and managers of occupational schemes

Guidance on the charge cap that applies to occupational pension schemes used for automatic enrolment.

• From: Department for Work and Pensions
• Published: 2 March 2015
• Last updated: 10 January 2022 — See all updates

Documents

The charge cap: guidance for trustees and managers of occupational schemes

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The charge cap: guidance for trustees and managers of occupational schemes

PDF, 443 KB, 34 pages

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Details

This guidance is for trustees and managers of occupational pension schemes which are used for automatic enrolment. It explains how the charge cap works, with particular emphasis on identifying the default arrangement and how to assess charges.

The charge cap regulations were introduced by the Occupational Pension Schemes (Charges and Governance) Regulations 2015 which were laid before Parliament in February 2015 and were made in March 2015.

We consulted on these regulations between 17 October 2014 and 14 November 2014.

Published 2 March 2015
Last updated 10 January 2022 + show all updates

1. 10 January 2022

   Updated the charge cap guidance to reflect the changes that will be introduced by the de minimis on flat fees on 6 April 2022.

2. 21 October 2016

   Revised the guidance to confirm which costs and charges are subject to the charge cap.

3. 2 April 2015

   Replaced PDF with revised version to reflect an urgent legislative change to the treatment of AVCs.

4. 2 March 2015

   First published.