Non-default funds may be hit by 0.75% charge cap, lawyers warn
Substituted investment funds could come under the remit of the charge cap that comes into force in April because they are not actively chosen by members, lawyers have warned.
The Department for Work and Pensions (DWP) confirmed the 0.75% cap would apply to all default funds used for defined contribution (DC) schemes as part of auto-enrolment last May. Earlier this month,...
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