Why hasn't the government capped pension charges yet?

Michelle McGagh
Coins
Coins

Pension charges remained at the top of the personal finance news agenda this month, but the government still hasn't addressed when it will use powers it acquired last year and cap the costs of saving for retirement.

In the Pensions Act 2011 that enshrined the legislation around auto-enrolment and the formation of the National Employment Pensions Trust, the government was handed power to cap pension charges.