Fund management and administration charges levelled on the Local Government Pension Scheme surged to a record high of £437m last year despite just a £124m increase in investment income, government statistics show.
Official figures published by the Department for Communities and Local Government last week show the 81 local government pension schemes in England incurred £437m in administration and fund managem...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
