Hidden charges can more than double the cost of diversified growth funds, according to an LCP survey.
Defined contribution schemes often use DGFs as the default fund to invest across asset classes. But the LCP survey of over 300 funds has called into question the value of DGFs and warns of an "alarming...
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.