Master trust launches in-house drawdown and cuts fees

Not-for-profit operation

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The scheme reduced its annual management charges and introduced income drawdown facility
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The scheme reduced its annual management charges and introduced income drawdown facility

The Ensign Retirement Plan has reduced its annual management charges and introduced an income drawdown facility, in a bid to better prepare members for retirement.

The shipping and maritime industry-wide defined contribution (DC) master trust lowered its annual charges from 0.36% to 0.31% on 1 April. The in-scheme income drawdown facility will mean members no...

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