Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Fees aren’t a top investor priority, says study

investing, dollar sign, growth

New research out of the UK has suggested that fees are not a top priority for investors even though they have been a major focus for regulators.

Superannuation consultant NMG says the focus on fees in Australia is “myopic” citing new research from the firm’s UK partner Jane Craig that investors are less interested.

NMG’s study of 15,000 UK pension fund members found what they really want from their fund.

The top answer was unsurprisingly "A good return on my money"', but Ms Craig was surprised by the lack of priority given by members to fees.

Advertisement
Advertisement

The option "Charges in line with industry average" was only the 13th most popular answer out of 23 options.

"So what consumers say they want isn’t necessarily being reflected in regulatory actions. That isn’t to say lower fees aren’t in members’ best interests, but it does indicate a narrow approach," said NMG.

"The move away from the myopic focus on fees and costs in favour of a more nuanced view of what matters to members is to be applauded and is in line with what consumers – or UK pension fund members at least – identify as being of value.”

Fees aren’t a top investor priority, says study
investing, dollar sign, growth
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Cynic - Do you think this wasn't considered when Mr Morrison took 4 months to set the election date? It is out of our control to deliver this year. Ha!....
Anonymous - Bulldust. This sounds like leftist badmouthing the government as the ASTO has already said that even if the legislation is passed after 1 July 2019 it.......
Anonymous - Happy days are here again for all the aspirational battlers and retirees who will not be ripped off by Labor's Tax grab.....
MelbMan - We dodged a real bullet with Saturday nights Federal election result. ....