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<p>When the charge cap was introduced in 2015, DWP produced guidance for trustees
on how to comply. Since this time DWP officials have met regularly with pension schemes
and their service providers. As a result of this engagement DWP consulted earlier
this year on an update to the charge cap guidance to provide more clarity for trustees
on how to calculate charges.</p><p>The consultation can be found in chapter 5 in the
link below:</p><p><a href="https://www.gov.uk/government/consultations/defined-contribution-pensions-investments-and-consolidation"
target="_blank">https://www.gov.uk/government/consultations/defined-contribution-pensions-investments-and-consolidation</a></p><p>We
are currently considering the feedback.</p>
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