Charges levied by the National Employment Savings Trust are too high and need to be reduced to fulfil its low cost obligations, the Confederation of British Industry says.
Current plans to set a 0.43% annual charge - comprising an annual management charge and contribution charge - are being driven by the need to pay back a £700m Treasury loan, the CBI warned. It a...
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