Scrap performance fees from default funds, says Scottish Widows

Hope William-Smith
clock • 1 min read

Scottish Widows has told the Department for Work and Pensions (DWP) that performance fees should not be allowed in defined contribution (DC) pension defaults.

The provider's response to the DWP's consultation on DC schemes and the charge cap argued fees do not improve customer outcomes and should therefore be removed. Head of pension investments Maria...

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