Costs and charges slashed for £25bn of DC accounts
Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.
Around £24.9bn of assets under management (AuM) across 23 providers have seen cost cut to below 1% since 2015, with £4.9bn of this figure having reduced fees since last year. The reduced fees come after...
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Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Consolidating DC schemes urged to act before 'capacity crunch'
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