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Schemes call on managers to cut fees

Professional Pensions | 12 Jan 2009 | 00:00

Pension funds believe investment management fees are too high and need to come down, a study by bfinance finds.

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Generally speaking fiduciary management involves outsourcing of the day-to-day management of a pension scheme to a lead manager with a high degree of transparency so that the manager’s decisions can be easily scrutinised and overall control is retained by the trustee board.

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