ATP drops UK Personal Accounts tender over admin risks
ATP Group, the Copenhagen-based Danish state organisation that runs the pension fund of the same name, has withdrawn its bid for the contract to administer the UK's Personal Accounts project due to uncertainty over the level of risk contained.
The Personal Accounts project, set to launch in 2016, has been designed as a low-cost national defined contribution (DC) pension scheme, aimed predominantly at low- to middle-earners traditionally left out of workplace pension arrangements, following
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