Turner 'naive' or misleading over 0.3%

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Lord Turner was either naïve or misleading when he suggested a charge of around 0.3% was possible on personal accounts as they cannot be delivered at a cost of less than 1% annual management charge, claims Standard Life.

The consultation on the personal accounts white paper closes on 20 March, and one of the ongoing areas of debate has been whether personal accounts can be delivered at a cost of 0.3% amc as proposed in...

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