Trade body wants investment to be ‘front and centre’ for DC schemes

The Investment Association has called for greater collaboration between investment managers and pension schemes, saying the investment process must be ‘front and centre’ for defined contribution pensions.

In a report released today, the IA is also calling for greater transparency of investment costs allowing savers to better assess value for money in DC investment.

IA chief executive Chris Cummings says measures ensuring DC schemes can invest across a full range of asset classes should be a priority.

He says: “Investment needs to have the same priority in all forms of pension – whether defined benefit or DC, so industry, regulators and government need to build confidence in pensions saving and find new ways to increase engagement.”

Included in the IA’s recommendations is a partnership between pension schemes and the investment management industry.

Investment heavyweights back financial education programme for teens

The IA says savers need a clearer objective so they understand the direct correlation between saving and the personal benefits of their pension.

Cummings says: “Without long-term returns, schemes do not have an effective way to facilitate good retirement outcomes. And without long-term finance, the economy cannot produce those returns and contribute to wider prosperity.”

He adds: “The amount people are saving is in many cases still too little to ensure a secure retirement and so in order to achieve the best outcomes for both new and existing savers, the investment process needs to be front and center.”



Which financial services names have made the Rich List?

Peter Hargreaves has jumped to 42nd position on the Sunday Times Rich List, a climb of nine places from last year, after seeing his wealth grow £849m to £3.2bn. Hargreaves is no longer on the Hargreaves Lansdown board but has kept a 32.2 per cent stake in the company – the value of which has […]

File image of a pension savings pot

Regulator hands out £15,000 fine for pension contributions bungle

The Pensions Regulator has fined a trustee £15,000 for failing to report unpaid pension contributions. Smart Pension, which runs the master trust, did not tell TPR that nearly 500 employers had not paid nealry £900,000 of contributions that were due. Smart Pension also did not tell members about the problem. TPR suspends trustee after […]


Standard Life shareholders approve Phoenix deal

Standard Life Aberdeen shareholders have approved the sale of the company’s UK and European insurance arm to Phoenix at it general meeting today. Shareholders also approved a plan to return £1bn to shareholders through a “B share scheme” and £750m through a share buyback programme. Standard Life announced in February it was selling its insurance arm […]

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm