Why is this getting downvoted? This is factual information. Large funds cannot invest the same way that smaller ones can. Also, NOBODY pays 1% for investment m

Why is this getting downvoted? This is factual information. Large funds cannot invest the same way that smaller ones can. Also, NOBODY pays 1% for investment management anymore. You can open a brokerage account in the US and pay .08%(yes, from private investment companies) and get a very diversified portfolio using standardized funds. I really don't see the benefits of a centralized pension...other than being able to offload payments to future generations, ofcourse.