Sebastian Cheek looks at how the industry is striving to unlock the fee structure of DC schemes and provide greater transparency for scheme members.
Most defined contribution scheme members won’t know how much they pay in fees for their scheme. But is it any wonder when charges vary so much depending on size of scheme assets, whether it is active...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.