£20bn Treasury infrastructure plan to by-pass fund managers with 0.5% charge

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Charges on a government-backed pooled UK infrastructure vehicle owned and run by UK pension funds will be capped at 0.5%, the Treasury infrastructure policy chief confirms.

Treasury will announce plans for a ‘Pension Infrastructure Platform' next month - a centrepiece of Chancellor George Osborne's National Infrastructure Plan aimed at unlocking £20bn of scheme assets...

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