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Nationwide Retirement Plans launches new pension scheme

Nationwide Retirement Plans has launched the Retirement Clear Advantage retirement plan featuring a new generation of fee disclosure and institutional class mutual funds.

The growing interest in greater retirement plan fee disclosure by government, plan sponsors and participants is shared by a large number of investment professionals. More than 70% surveyed responded that they either prefer or would be open to a retirement plan with a more visible fee structure.

Matt Riebel, president of Nationwide Retirement Solutions, said: We are getting in front of legislation and working to change the conversation now with our investment professionals and plan sponsors. We do not want to wait for government mandates to do what we know is right and what we know our customers want.