The UK can pride itself on having the third-largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.
At a glance The UK may have the third-largest pension system in the world but it lacks scale. Fewer larger schemes are able to negotiate better deals with providers and asset managers. The ...
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