Master trusts call for overhaul of TPR general levy

Michael Klimes
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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...

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Michael Klimes
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