The People's Pension reveals plans to cut fees with move to banded structure
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
The four-million-member master trust, run by B&CE, will abandon its flat-rate annual management charge (AMC) of 0.5% and replace it with a banded structure, reducing fees as pot sizes grow. The revised...
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