High management fees are a key hindrance preventing pension schemes from investing in hedge funds, followed closely by a lack of transparency regarding additional costs, according to the latest survey by AMX.
The growth phase TDF, with a target date of 2040, has an allocation of 7.3 per cent in global emerging market equities, and 34 per cent in global developed equities.
Some 41% said they expected additional analysis on fees paid, 40% said costs incurred, 36% said the security of assets, and 30% wanted this for net returns generated.
Although one in ten adults are now taking regular advice, 91%, or 46.5 million people, have not had regulated financial advice in the last 12 months.
The discussions were part of a meeting in which the bank's supervisory board also discussed a long-vaunted merger with Commerzbank, Germany's second-biggest bank and one of Deutsche Bank's key domestic rivals.