Comment: How much transparency is enough?
Michael Bow asks how much members need to know about DC charges
The NAPF's call for a "pounds and pence" approach to management charges is a welcome voice in the debate but is not without its practical difficulties - as the industry vociferously made clear this week.
Telling defined contribution members how much money they will pay to fund managers through a basis point approach is not ideal. Research shows most people have only basic financial literacy. For someone...
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