Up to £25.8bn of assets in contract-based and bundled trust-based defined contribution (DC) schemes is in funds charging 1% or more annually, according the Independent Project Board (IPB).
The board - set up by the Association of British Insurers (ABI) after an investigation by the Office of Fair Trading (OFT) found £30bn of savers' money was at risk of being eroded by poor value cha...
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