Poor default choice could cost auto-enrolled members £500,000

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Differences in the performance of the biggest defined contribution default fund mean some members could miss out on more than £500,000 of retirement income, warns JLT Employee Benefits.

Research from the consultant revealed that returns in the top ten funds over the last three years have varied from 3.5% to 9.5% a year. If these figures were repeated over a working life, JLT sa...

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