CBI attacks NEST for high initial charges; Treasury loans driving fees

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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...

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