Annuitisation reform

TER needed for beneficiary funds

Published in FA News, 21 June 2015 By David Hurford, Head of Fairheads Umbrella Beneficiary Fund Retirement fund trustees electing to pay minors’ death benefits into a beneficiary fund are battling to make meaningful comparisons among the services and fees offered by service providers. The industry urgently needs to develop a total expense ratio (TER), similar to that developed in …