Costs and charges slashed for £25bn of DC accounts

James Phillips
clock • 2 min read

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 co...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Barnett Waddingham large DC scheme research reveals 'edge' of own-trust arrangements

Barnett Waddingham large DC scheme research reveals 'edge' of own-trust arrangements

Master trust ascendancy continues but own-trust retains advantages

Jonathan Stapleton
clock 09 July 2025 • 3 min read
Most businesses with DC schemes pondering pension provision changes, LawDeb finds

Most businesses with DC schemes pondering pension provision changes, LawDeb finds

Research finds ‘multifaceted’ reasons for schemes to consider switching their provision

Martin Richmond
clock 08 July 2025 • 2 min read
Aon DC tracker shows increase in Q2 retirement outcomes

Aon DC tracker shows increase in Q2 retirement outcomes

Tracker rose from 67.9 to 70 driven by increased in expected future pre-retirement returns

Martin Richmond
clock 04 July 2025 • 3 min read
Trustpilot