To fee or not to fee? DC pots and performance

Matthew Roberts breaks down the ‘agency problem’ in performance fees

clock • 3 min read
To fee or not to fee? DC pots and performance

Fulcrum recently conducted a poll surveying whether defined contribution (DC) members should pay performance fees. The outcome was very close – 53% said “yes” and 47% “no”.

The result masks an interesting (albeit intuitive) underlying dynamic. There is a clear difference between allocators (pension funds and insurers, wealth advisors) and asset managers. Results for i...

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