The average pot size for members who actively select funds is £29,996 compared to just £3,790 for a defaulter, according to a study by Hargreaves Lansdown.
The poll, which involved the top 10 fund choices made in over 300 pension schemes covering 80,000 members as of June 2017, also showed choosers outperformed defaulters by an average of 4.6% over on...
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