OFT gets to the heart of DC

Naomi Rainey looks at the Office of Fair Trading’s defined contribution recommendations

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Last week's Office of Fair Trading (OFT) report unpicked some of the long running concerns over defined contribution (DC) schemes.

The investigation highlighted two main issues: old and/or high-charging contract-based arrangements that represent poor value; and small trust-based schemes that suffer poor governance. A rumour...

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