11 December 2017

Royal London calls for industry standard on reporting performance data

2 min read

Helen Morrissey, Personal Finance Specialist
Helen Morrissey

Corporate PR Specialist – Long Term Savings


Lorna Blyth, pension investment strategy manager for Royal London Intermediary commented;

There is a wide variety of investment strategies used for workplace pension default funds and it’s useful to see risk and return data for both life office and master trust defaults shown side by side in this article.

However, at a time when there is such a huge focus on transaction costs, we’re still in a position where some providers are unable to show returns net of some basic administration costs, such as contribution charge or any other one off charges. The actual return members receive could be quite different to that shown in these tables as a result.

What would be helpful, particularly to advisers and scheme members, is a consistent methodology that all providers and master trusts must adhere to. With this is in place for transaction costs then it seems reasonable that the industry has a standard approach for showing performance, with data net of charges, given the impact on performance may be so much greater.


For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.