Over half of asset managers will not reduce fees for April charge cap

Stephanie Baxter
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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...

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