The average annual management charge is 0.71% and 0.84% for defined contribution (DC) trust-based and contract-based schemes respectively, according to Department for Work and Pensions (DWP) research.
These figures are notably higher than the Association of British Insurers (ABI) claimed. In 2012, the ABI said the average AMC within legacy contract-based DC was 0.77%. Results also revealed t...
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