More than half of asset management firms will not reduce fees for the April charge cap on defined contribution (DC) default funds, according to a poll.
Some 28% of 57 managers surveyed at a conference said they planned to reduce fees below the 0.75% cap but were unlikely to be ready by April. More than a quarter (26%) said they did not intend to make...
Industry Voice: Sponsored by Eaton Vance
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.