A few weeks ago the Personal Accounts Delivery Authority (PADA) gave us an update on the latest position regarding charges for the new personal accounts scheme. This update doesn't really take us much further. PADA did confirm the charges will be either a single annual management charge (AMC), or a combination of AMC and a contribution charge. While the Government frequently mentions it would like charges to be around 0.5%, it still hasn't made any final decisions on either the shape or size of the charges under personal accounts. So can we learn any lessons from overseas? The Pensions Po...
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