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Centre for Policy on Ageing | |
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Pension landscape and charging
— quantitative and qualitative research with employers and pension providers | | Author(s) | Andrew Wood, Dominika Wintersgill, Niall Baker |
| Corporate Author | Department for Work and Pensions - DWP; Policy Research Institute |
| Publisher | Department for Work and Pensions, London, 2012 |
| Pages | 4 pp (Department for Work and Pensions Research summary) |
| Source | http://research.dwp.gov.uk/asd/asd5/rrs-index.asp |
| Keywords | Pensions ; Superannuation ; Employers ; Questionnaires ; Qualitative Studies ; Quantitative studies. |
| Annotation | The Pensions Act 2008 introduced measures aimed at encouraging greater private pension saving and making it easier for people to save for their retirement. Most of the measures in the Act are coming into force from 2012. In light of this, the Department for Work and Pensions (DWP) commissioned the Policy Research Institute to carry out quantitative research that was designed to explore and understand the charging levels and structures in trust-based and contract-based pension schemes. Qualitative research was carried out with leading pension providers. Interviews took place between September and November 2011. This Research summary outlines the findings of Department for Work and Pensions Research report 804 (158 pp; ISBN 9781908523785), which reports on this research. In examines: charges paid by scheme members; fees paid for advice and other services; additional charges for specific funds; other member-specific charges; and providers' costs of pension provision. The most common approach to charging is an Annual Management Charge (AMC), which covers a pension provider's costs in setting up and running a pension scheme. Employers' awareness of such charges was low; and the impact of the pension reforms on provider costs and charges are likely to result in small contributions. (RH) |
| Accession Number | CPA-121116005 E |
| Classmark | JJ: JKH: TF: 3DA: 3DP: 3DQ * |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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