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Turner calls for six to 10 funds in scheme

The Turner Commission has recommended a range of 6 to 10 funds for its low charge National Pensions Scheme.
The proposal models the Government administered Swedish model which was initially criticised for including too wide a range of funds.
Several fund managers, including Invesco Perpetual, have welcomed the National Pensions Scheme proposal and Turner’s insights into non-pension vehicles such as Isas.
PIMA has also welcomed the scheme and hopes workplace saving by auto-enrolment can be applied to the Conservative’s SaRA proposals or the workplace ISA.

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