How default funds must change after the Budget

Jonathan Stapleton looks at the impact of the Budget on DC defaults

Jonathan Stapleton
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DC default funds are likely to need a major overhaul following this year's Budget and the introduction of a charge cap. Jonathan Stapleton looks at what the changes might mean.

The Budget announcement that the government plans to scrap all restrictions on how scheme members use their pension pot on retirement from April next year ¬- along with major changes to defined con...

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