Small schemes cost almost four times as much to run as big schemes and almost six times more than the largest funds, according to research from The Pensions Regulator (TPR).
The watchdog said defined benefit (DB) schemes with 12-99 members cost £1,054 a head annually, while for those with 1,000 to 4,999 members the figure fell to £281. The 25 schemes surveyed with 5...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
