Administration Charges
In March 2014, the Government published Better workplace pensions: further measures for savers (Cm 8840)14 which detailed a range of measures to tackle pension charges to protect employees in workplace Defined Contribution pension schemes.
	The scope of these and subsequent measures rely on how an administration charge is defined. The Government has received a number of informal queries over whether particular costs or charges are covered by the definition of "administration charge" as currently drafted. The measure will update the definition to make clear which costs are in scope of the overarching definition.
	There are existing measures in secondary legislation which rely on the definition of "administration charge". These include charge caps for stakeholder pension schemes and schemes used for automatic enrolment. It is not the intention to change the effect of any of those measures. Corresponding changes will be made to the relevant secondary legislation to retain the existing policy.