Brian Bussell, director of pensions and savings at Aviva, comments: "Overall Aviva is pleased with the final rules which the FSA has issued, aimed at implementing the principles of Adviser Charging in the GPP market.

“Group and corporate pensions are an important part of providing long-term savings for the UK population, and we agree with the concept of consultancy charging in this market to add transparency.

"We are pleased to see that the FSA has listened to industry opinion on the application of maintenance of commission to new members and increments to existing schemes.

“Although Aviva supports the principle of consultancy charging in group personal pensions, it will be challenging to develop GPPs in a way that allocates charging fairly across members of the scheme. We await further details of the proposed working group which will seek to address this crucial issue."