Investment management fees paid by local government pension scheme (LGPS) funds last year ranged from two basis points (bps) all the way up to 86 bps, official figures show.
The lowest fees paid out to managers were just £50,000 while the highest was £81.2m, according to the scheme's advisory board (SAB) secretariat, which analysed annual reports for 2014/2015 that it ...
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