If a default fund achieves benchmark or volatility target it has done what it was designed to. What about the cost of these self select funds – how many more bps are they staking for the return and I don’t believe for one second there are no losers in the self-select versus default scenario. 1% return = £64k lifetime returns…..prove it please. I can write numbers on a page too you know. What a pointless piece of research blatantly designed to push these poor losers in the default fund into expensive DFM deals with HL et al. Oh and are these self select funds that are so amazing confirming to al the transparency rules to show where all these high geared charges are going?
Comment on Choosers aren’t losers says Hargreaves as default funds left behind by MD
