More than half of asset management firms will not reduce fees for the April charge cap on defined contribution (DC) default funds, according to a poll.
Some 28% of 57 managers surveyed at a conference said they planned to reduce fees below the 0.75% cap but were unlikely to be ready by April. More than a quarter (26%) said they did not intend t...
To continue reading this article...
Join Professional Pensions
- 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