UK - The National Association of Pension Funds is to slash membership fees for small-to-medium sized schemes in order to boost take-up.
The move follows changes to the NAPF’s voting structure to make it “simpler, fairer and more democratic”.
The NAPF’s 21 membership bands are being reduced to seven and the voting power of the top funds will also be cut – from 15 votes apiece to four – to break up their block vote.
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