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

Kim Kaveh
clock • 1 min read

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 up...

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

Industry backs enrolling employees into schemes at maximum contribution levels

Industry backs enrolling employees into schemes at maximum contribution levels

PP poll finds 56% of respondents favour proposals in paper published by WTW

Martin Richmond
clock 08 May 2024 • 1 min read
Patrick Heath-Lay: Industry not doing enough to make transfers work for members

Patrick Heath-Lay: Industry not doing enough to make transfers work for members

Master trust CEO says VfM metrics should apply across all DC pensions

Patrick Heath-Lay:
clock 02 May 2024 • 4 min read
Industry says 'magnetically attached' pensions will address small pots issue

Industry says 'magnetically attached' pensions will address small pots issue

However, PP survey finds concern around implementation challenges

Jasmine Urquhart
clock 01 May 2024 • 2 min read
Trustpilot