Friday August 7, 2020

Pension regulator wants to cut funds from 150,000 to 100

18th April, 2016
Regulator wants to cut the number of pension plans. Pic: Pixabay

The pensions regulator wants to cut the number of corporate retirement plans from 15,0,000 to 100, according to a report in the Financial Times.

The move will put downward pressure on providers and asset managers to reduce fees.

Kennedy said that the planned mergers would result in higher savings and higher standards of governance and oversight.

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