For each €1 that you contribute €1 x 0.95 x 1.03 = €0.9785 is actually invested.I was told the allocation rate is 103% and the bid offer spread is 5%. Can anybody explain what this means?
For each €1 that you contribute €1 x 0.95 x 1.03 = €0.9785 is actually invested.
I don't really understand DB as opposed to DC pension schemes so I'm not sure if the charges make as much difference to the former as the latter?
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