Category: Master Trusts
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The TUC launched a report yesterday (researched and written by me) looking at the decline of member voice in pension trustee boards. Member representation is declining not because anyone made a conscious decision to remove member trustees. It is the result of changes in the pensions landscape. The erosion of member voice is mostly structural.…
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We’re expecting an update on the Value for Money framework in the upcoming pensions bill, alongside many other things… Put simply, the Value for Money framework is about focusing on net returns and not just costs. It’s simple, right? The Government sees that Master Trusts are competing on cost – if you charge above 0.4%…