PERSONAL accounts could be in debt for 18 years if an annual management charge is implemented, the Pensions Policy Institute warns.
The PPI analysed how five alternative charging structures measured against the government’s key criteria – fairness, reducing financing costs, simplicity, incentivising members to keep costs down and incentivising...
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.