Insurers 'do not deserve' bashing over poor value for money

Stephanie Baxter
clock

Insurers do not deserve the bashing they get over high fees as many already provide good value for money in contract-based schemes, according to independent trustees.

This comes after insurers faced criticism for charging high fees in legacy schemes with more than £25bn of assets in funds charging 1% a year or more. PTL managing director Richard Butcher (pict...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Aviva launches flexible pension scheme for Bolt

Aviva launches flexible pension scheme for Bolt

Drivers for private hire vehicle app will contribute 5% of fees from completed trips

Jasmine Urquhart
clock 25 March 2024 • 1 min read
PLSA: DC savers prioritise low-risk approach to pension investments

PLSA: DC savers prioritise low-risk approach to pension investments

PLSA finds quarter of savers opt to let scheme determine where their pensions are invested

Martin Richmond
clock 25 March 2024 • 2 min read
TPR: Challenge and disclosure must become the 'norm'

TPR: Challenge and disclosure must become the 'norm'

Regulator says industry must use value for money as ‘guiding principle’

Martin Richmond
clock 21 March 2024 • 3 min read
Trustpilot