Gov't Eyes Ban On Flat Fees For Small Pension Pots

By Martin Croucher (January 10, 2022, 2:51 PM GMT) -- The government published proposed legislation on Monday that would ban pension providers from levying flat fees on small retirement pots, in a bid to protect the savings of people who change jobs frequently.

The new rules were laid before Parliament as a statutory instrument and will be implemented from April unless MPs oppose the measures.

The changes mean that pensions providers will no longer be able to charge flat administration fees on pension plans containing £100 ($135) or less.

"By removing flat fees on pension savings worth less than £100, we're protecting savers, particularly those who regularly take on short-term work...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!