Mini Budget 22: DC charge cap regs brought forward

Remove performance fees

The government has confirmed it will bring forward draft regulations to reform the pensions regulatory charge cap.

In his Mini Budget today (23 September), Chancellor Kwasi Kwarteng announced the government will bring forward draft regulations to give defined contribution pension schemes the "clarity and flexibility" to invest in the UK's innovative businesses and productive assets creating opportunities to deliver higher returns for savers. Mini Budget 22: Chancellor scraps 45% top rate of income tax for high earners Today's fiscal event revealed the government will bring forward draft regulations to "remove well-designed performance fees from the occupational DC pension charge cap, ensuring that...