Master trusts liable for quarter of general levy costs despite holding only 2% of funds
Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).
The levy is set by the Department for Work and Pensions (DWP) and is in place to cover the cost of running The Pensions Regulator, The Pensions Ombudsman, and part of the activities of the Money and Pensions...
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