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CDCs will be limited to 0.75% charge cap

The DWP has detailed its plans today for a new occupational pension scheme - with promises that members using the Collective Defined Contribution (CDC) schemes will be ‘protected’ from excessive fees by a 0.75% charge cap.

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Cardano hires fund heavyweight to boost pensions team

Cardano, the investment and risk specialist, has recruited Cédric Bucher, former head of Architas UK funds, as the new co-head of its DC business.

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Nearly 60% of employers will fail to offer staff drawdown option

Nearly six in ten employers will fail to offer a drawdown option to staff as part of their pension plan, according to a report.

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OFT agrees reforms to £275bn UK DC pensions sector

The OFT has agreed with business and The Pensions Regulator (TPR) on reforms to the £275bn defined contribution (DC) workplace pension market after it found some savers fail to receive "value for money." Read more...
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