Mandatory saving through auto-enrolment (AE) must coincide with fairer annual management charges (AMC) for members, former chairman of the Pensions Committee Lord Turner said last week.
Proposed caps of between 0.75% and 1% were insufficient for delivering value for money to savers, with fees of between 30 and 40 basis points more acceptable, he said at the launch of a report from...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
