More than half of asset management firms will not reduce fees for the April charge cap on defined contribution (DC) default funds, according to a poll.
Some 28% of 57 managers surveyed at a conference said they planned to reduce fees below the 0.75% cap but were unlikely to be ready by April. More than a quarter (26%) said they did not intend t...
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
