Some pension schemes could be paying investment managers 70% more in fees compared to six years according to Lane, Clark and Peacock (LCP).
Its latest annual investment management fee survey found average fee rates have fallen in 60% of asset classes since 2011 but this has not translated into lower costs for investors. For an 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.