Small schemes cost almost four times as much to run as big schemes and almost six times more than the largest funds, according to research from The Pensions Regulator (TPR).
The watchdog said defined benefit (DB) schemes with 12-99 members cost £1,054 a head annually, while for those with 1,000 to 4,999 members the figure fell to £281. The 25 schemes surveyed with 5...
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