NAPF warns of 'governance vacuum' if short service refunds are banned

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The National Association of Pension Funds fears a ‘governance vacuum' in trust-based defined contribution schemes if the government scraps short service refunds.

In its response to the Department for Work and Pensions' call for evidence, the trade body - which represents some 1,200 schemes with about 15 million members and £800bn of assets - said scrapping ...

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