Small trust-based schemes face highest charges, DWP survey finds

James Phillips
clock • 3 min read

Trust-based defined contribution (DC) schemes with between one and five members face the highest ongoing charges for investing their retirement pot, research has revealed.

The Department for Work and Pensions' (DWP) annual pension charges survey found members of these schemes had average ongoing charges of 72 basis points (bps), just under the charge cap, while the l...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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