Defined contribution pension schemes: landscape and charges survey 2013
This report provides the findings of a study commissioned by the Department for Work and Pensions (DWP), designed to explore charging levels and structures in trust- and contract-based pension schemes and to understand the characteristics of schemes that maximise the chance of better outcomes for members.
The Government is taking action to help support existing pension provision in light of automatic enrolment, and has made a commitment to monitor its possible impacts. As part of DWP’s ongoing workplace pension reform research programme, this study was designed to examine charges and quality in trust- and contract-based workplace pension schemes.
The research comprised a combination of quantitative research with private sector employers offering a defined contribution (DC) workplace pension, supplemented by qualitative and administrative data supplied by providers and other industry participants.