Default funds fail to meet regulatory guidance on disclosure, says research

Kim Kaveh
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Default funds fail to meet regulatory guidance on disclosure, says research

Almost 40% of defined contribution (DC) providers are failing to provide members with necessary information to make informed decisions about retirement, according to a survey by Cardano.

The analysis of public information on 29 default DC funds representing eight million members, found providers are failing to meet regulatory guidance, and over a quarter do not spell out charges upfront....

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