Stakeholder pension provider could be allowed to exceed the 1 per cent annual management charge according to a report in today's Financial Times.
The paper says providers will be able to charge a higher fee if the product includes detailed advice. The charge will take the form of an upfront fee.
The FT says the stakeholder pension consultation papers, due out today will confirm that schemes will be regulated by the Occupational Pensions Regulatory Authority.
It is also expected to propose that schemes be run by 'stakeholder managers' as an alternative to trustees.