The Pension Protection Fund is to consider bringing its investment in-house from 2015 after projections revealed its fund management fees are set to soar over the next three years.
The lifeboat fund, set up to protect the pensions of defined benefit members whose company goes bust, said fund manager fees were set to jump by 72% from £53m in 2011-2012 to £91.4m in 2014-2015. ...
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