Saturday, 22 July 2017

    Jargon Buster: Constructing a DC scheme

    The charge cap: From April 2015 a 0.75% cap on charges will be introduced for the default funds of all defined contribution workplace pension schemes. This cap, in combination with the 2014 Budget changes, is prompting a number of DC schemes to redesign their defaults funds. Fund managers are also launching new, cheaper offerings.

     

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