Lord Mayor criticizes UK companies to choose low -information pension plans

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The mayor of London, British companies, have criticized the selection of retirement providers who receive the lowest fees, on the pretext that their most expensive managers who invest in alternative assets will provide better returns.

“We have finished retirement utensils that have a lot of arrow tracking devices and a lot of fixed income because it is a cheap way to do this,” Alcere King said in an interview with the Venancial Times, adding that there has been “installation” in the industry over the past ten years.

King, who founded the assets of NIS CONG Foundation in 2006, added that by imposing higher fees, pensioners can invest more in specialized fields such as infrastructure, private debt and early stage companies.

This would enable them to obtain “supernatural returns, which is about this entirety.”

However, research from the Government Actarie Division showed in November only 2 percent of the superior performance on its private market portfolio over 30 years.

The head of the Lord 696 municipality made the comments as he was preparing to announce the “pension pension pension” on Tuesday in his annual speech to the palace house.

Under this pledge, 15 companies agreed to issue a general advertisement to focus on net returns instead of costs when choosing a pension provider for specified contribution (DC) and asking for more transparency in private market allocations.

Among the sites Tesco, NatWest Group, Standard Charted, Aviva, Legal and General, Schrouds, Samworth Brothers, London Stock Exchang Group, Octopus Group, Phoenix Group and Abeerdeen.

Many groups already run their pension charts.

This step is the last part of the government’s attempt to advance British pension plans to invest in assets to enhance the slow economy in the United Kingdom, on the pretext that it will improve investment revenues in this process.

Under voluntary commitment is called Palace’s house agreement It was signed in May, 17 of the largest pensioners in the workplace in the United Kingdom pledged to invest at least 5 percent of their assets in the private markets in the United Kingdom by 2030, provided that the assets are attractive enough.

King said that he wants to invest in the UK’s pensioners more, such as those in Australia, which allocates 14 percent of their assets for private shares and infrastructure, according to Think-Hink New Financial, compared to 4 percent of the British capital plans.

The Lord is the mayor of the London City Foundation, and the local government of the square mile, and lives in the house of the palace.

His speech comes as Rachel Reeves Adviser blasphemy Based on plans to reduce the ISA cash allowance after a violent reaction from the construction of societies and consumer heroes.

King said he encouraged the cabinet to simplify the ISA system, so you have one ISA account, as ISAS has been dropped for life, and the innovative ISA and Junior ISA.

The chancellor is expected to focus on increasing financial advice when she deals with the most prominent city in her speech at her palace house on Tuesday, where a new pension committee will be launched to find the best way to increase the amount that workers put aside to their retirement.

King added to the increasing number of votes that raise fears that the recent taxes from the UK government and changes in the bases of inheritance tax were roaming the UK’s attractiveness to high papers and foreign investors.

The mayor of the city underestimated hopes that the advisor could issue a tax advertisement in the palace speech, but he said that he had made the case to the government and there was “an implicit understanding that the current situation must be modified.”