Clearing house could meet Npss target charge

Speaking at a pensions briefing hosted by Legal & General and Cass Business School, Adrian Boulding, pensions strategy director at the insurer, revealed the proposed annual management charges of 0.3% could be achieved provided three key conditions are met. He says the only way providers could meet the target is if the data and the money for contributions are received electronically and the data and money is 100% correct, or as close as it can be, all the time. But he warns this would not be possible if employers send the contributions direct to providers as there would be too many mista...