DC charges: Is the AMC the wrong model altogether? UPDATED

Jonathan Stapleton
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The government announcement that it will cap pension fees for auto-enrolment schemes may miss the much bigger point: that annual management changes could be the wrong model altogether.

While a charge cap of 0.75% may make good political sense, it actually hides the fact that, under the AMC system, members with larger pension funds are subsidising new members. The reason for th...

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