The Association of Consulting Actuaries has criticised the Government's consultation process on Stakeholder pensions as flawed.
It says the consultation papers on advice and contracting out rebates must be published before comments on the proposed charging structure can be made.
ACA pension schemes committee chairman Mark Duke says: "Maximum charges cannot be set in isolation . Consideration needs to be given to the level of services that is considered possible to provide for a given level of charges.
"Only if the resulting service level is considered acceptable should the charge level be set."
Duke says the most sensible alternative to the current process is to define a minimum service level and to work backwards to set the charges.