Regulatory and price pressures have the investment industry in a vice grip, forcing reviews of back-...
Regulatory and price pressures have the investment industry in a vice grip, forcing reviews of back-office systems and squeezing slow-movers out. Stakeholder pensions, with charges capped at 1%, are just the thin edge of the wedge. In October, the Government reiterated its commitment to a suite of such low-cost products. Financial Secretary to the Treasury Ruth Kelly told delegates at a recent seminar that draft stakeholder product specifications should be available by January for consultation. But she supported the administrative charge ceiling in principle. She said: 'Ron [Sandle...
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