Voices raised over cost of funds within NPSS

Among the firms commenting on the latest DWP pensions reform White Paper, Jupiter is one of the specialist groups which says it has “potentially workable solutions” to the lack of savings by UK consumers. It points out, however, while “charging fees of 0.5% or less may seem sensible” – the level of charges the government suggests could be achieved in the short-term –argues it will severely limit the range of funds available and keep some of the best fund managers and providers out of the market, perhaps because there is little room to cover the cost of using funds once administration cost...