OFT: Legacy charges, small DC trust schemes threat to £40bn of savings
Old, high-charging pension arrangements and small trust-based schemes are a threat to £40bn of defined contribution (DC) savings, the Office of Fair Trading has found.
Its report into the workplace defined contribution (DC) market found £30bn is invested in contract and bundled-trust legacy arrangements that "may not be value for money" for savers. Similarly, a further...
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