Powered by MOMENTUM MEDIA

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
The Patriot - It seems madness to lower interest rates when we know that we will need room to drop later as the economy slows on back of China slowing. If wages do.......
Anonymous - Does the RBA think?....
Anonymous - Bloody mad. Much cheaper and better and more fun to learn to cook for yourself. And, if you are time pressed, a crockpot set up the night before and.......
Anonymous - The RBA seems to think more expensive land is prosperity. Not for the landless!....