PADA chief admits 0.3% AMC 'unlikely'

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Running personal accounts on a target annual management charge of 0.3pc may be unrealistic, the Personal Accounts Delivery Authority chief executive Tim Jones warns.

Jones – who has been in the role for five weeks – believes an AMC of 0.5pc could be more realistic. In an interview with PP Jones, the former head of retail banking at NatWest, said he was not con...

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