Pension charges cap plan delayed

Updated
A2CWRN Royalty free photograph of pension business headline in UK financial times pension; retirement; old; age; pensioner; prop
A2CWRN Royalty free photograph of pension business headline in UK financial times pension; retirement; old; age; pensioner; prop

%VIRTUAL-SkimlinksPromo%The Government has put plans to place any cap on "rip-off" pension charges back for a year to give firms more time to adjust.

Pensions Minister Steve Webb said in a written ministerial statement that the Government remains "strongly minded" to cap pension scheme charges, but any cap will not be introduced before April 2015.

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