Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 16 March 2022 to Questions 138298 and 138301, whether she plans to publish assessments of the (a) ability of high-charging fund managers to (i) lower and (ii) restructure their fee arrangements to accommodate their products within the existing consumer price cap on pensions, (b) potential for member detriment as a result of fund managers or pension providers changing their fee structures to add new performance-related fees or increase existing performance fees and (c) the proportion of infrastructure funds whose fees cannot be accommodated within the existing consumer price cap on pensions.

On 30 November 2021 the Government consulted on reforms to the charge cap as part of ‘Enabling investment in productive finance’ Enabling investment in productive finance - GOV.UK (www.gov.uk. We will respond in the near future.