Master trust providers have called on The Pensions Regulator (TPR) to overhaul its general levy - claiming the way it is calculated is unfair and undermines schemes for lower-paid workers.
Currently, the regulator levies a charge of 86p per member for trust based schemes with over 10,000 members - as compared to a levy of just 35p per member for group personal pension schemes. B&C...
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