Bad advice costs more than money (Pensions Insight)

July 9, 2014 | Posted in In the news | By

LGPS schemes could make vast savings if they improved their governance, according to new research from CLERUS.

Bad advice comes at a price, and now that has been quantified.

LGPS schemes have suffered a loss of £17bn thanks to poor decision making over the last ten years, according to new research from CLERUS. The study found that the vast majority – more than 90% – of LGPS funds do not comply with the Myners Principles relating to good governance …

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