The National Association of Pension Funds-backed Pension Quality Mark is to lower its cap on charges for auto-enrolment schemes from 1% to 0.75%.
Schemes hoping to obtain the benchmark must now have annual charges below 75 basis points. The previous charge requirement has been in place since PQM's launch in September 2009. The 0.75% charg...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
