Third Turner report claims NPSS is best solution

In its third and final report, the Pensions Commission says the issue of the precise charges which can be achieved in the NPSS, or any of the alternative models, is less certain and to some extent less important, arguing what matters is relativity. However in the 45-page document, the Commission says in its judgement the indicative target suggested in the Second Report, of 0.3%, “remains a reasonable ballpark figure for those members who choose investments in passive index-tracking funds”. The third report responds to specific issues which have been raised over the recommendations of the...