Pension fund illustrations could mislead non-advised consumers - research

The software and service provider's fourth Annual Growth Rate Survey of pension providers found investors choosing to draw down their pension must contend not only with differences in growth rates used in illustrations provided by similar pension providers but also with different rates from different types of drawdown provider. CTC commercial director Philip Hodges said: "We recognise differing asset classes should attract differing growth rates but it is concerning the range of different rates being used in illustrations for the same asset class by pension fund providers could be mislea...