L&G caps charges on workplace scheme default fund at 0.5%

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Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.

This comes after pensions minister Steve Webb announced the government will consult on capping charges into all schemes used for auto-enrolment (AE) (PP Online, 10 May). L&G's announcement also ...

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