DC trustees failing in legal duty by offering too many or too few funds

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TRUSTEES of defined contribution schemes offering members a "deluge" of investment funds could be failing in their legal duty, Aon Consulting warns.

Research by the actuarial firm – conducted among 43 trust-based and 127 contract-based occupational DC schemes during the first half of 2006 – found that 30pc of trust based DC schemes were now of...

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