More disclosure on smoothing coming — but you must evaluate costs vs benefits
Smoothed returns can show big losses and provide different levels of guarantee, for example, 50%, 80% or 100% of your capital plus bonuses
30 September 2020 - 17:03
Retirement funds that offer smoothed bonus investments are, in future, likely to tell you a lot more about the calls they make on these products when they offer them as default investments.
However, after the increased disclosure that the regulator, the Financial Sector Conduct Authority (FSCA), is likely to require for compliance with a new conduct standard, it will be up to you to weigh up the costs against the benefits. ..
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