The cap is coming

Rachel Dalton says Steve Webb is moving towards firm action on charges

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In his fourth speech to the National Association of Pension Funds (NAPF) annual conference, pensions minister Steve Webb was in a jocular but fairly confrontational mood.

He warned delegates to enjoy the conference gala that evening, implying that the good old days of enormous margins (enough to pay for champagne-fuelled dinners) are about to end. Webb was then ...

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