Industry shock at IPB report findings

DC charges branded "shocking rip off" as industry says things have to change

Stephanie Baxter
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Industry figures are shocked at yesterday's revelation that one in four contract-based and bundled trust-based schemes are charging more than 1%.

The Independent Project Board (IPB) set up by the Association of British Insurers (ABI) found that up to £25.8bn of assets in these types of schemes is in funds charging 1% or more annually (PP Onl...

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