Charges lower in trust-based schemes

Towers Watson research says trust schemes cost members less. Jack Jones analyses

clock •

Members of the UK's biggest contract-based defined contribution (DC) schemes are paying significantly higher charges than members of trust-based schemes, according to research from Towers Watson.

The consultant's latest FTSE100 DC Pension Scheme Survey found that the average annual management charge (AMC) on passive funds was 0.22% in trust-based schemes and 0.38% in group personal pensions...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: Future-ready capabilities for pension schemes in a changing investment landscape

Partner Insight: Future-ready capabilities for pension schemes in a changing investment landscape

As pension schemes face increasingly complex investment challenges, research-powered capabilities can help deliver tailored exposures aligned with long-term objectives.

Fidelity International
clock 05 November 2026 • 6 min read
Partner Insight: Are mid-life employees becoming retirement's forgotten group?

Partner Insight: Are mid-life employees becoming retirement's forgotten group?

New research suggests many employees in their forties are slipping into a retirement planning blind spot

Royal London
clock 05 November 2026 • 4 min read
Partner Insight: From awareness to action – closing the retirement planning gap

Partner Insight: From awareness to action – closing the retirement planning gap

Many employees think about retirement. Far fewer take practical steps to prepare for it.

Royal London
clock 04 November 2026 • 5 min read
Trustpilot