All schemes with mixed charge structures or fees in excess of 0.75% will be included in the audit of legacy defined contribution (DC) schemes launched earlier this year.
The Independent Project Board overseeing the audit set out the scope of the exercise in an update on its progress, published today. It is gathering data on all schemes set up before April 2001, as well...
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.