Master trust providers have called on The Pensions Regulator (TPR) to overhaul its general levy - claiming the way it is calculated is unfair and undermines schemes for lower-paid workers.
Currently, the regulator levies a charge of 86p per member for trust based schemes with over 10,000 members - as compared to a levy of just 35p per member for group personal pension schemes. B&C...
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, 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
