EXCLUSIVE: B&CE discloses implicit costs of default; calls for 'soft cap' on such charges
B&CE has published a full breakdown of transaction costs for The People's Pension - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction of a soft cap on such costs.
The pension provider said it based its calculations on the proposed Financial Conduct Authority (FCA) methodology and has published both the explicit as well as the implicit transaction costs for The People's...
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