Scottish Widows is bulk switching its workplace pension customers into a pension freedoms-friendly default fund, away from lifestyle defaults targeting annuity purchase. The provider will soon write to advisers of schemes with...
Default funds hold the assets of millions of Britons, many of whom have never even signed a pension contract. But where, asks Michelle McGagh, are the stats that show how well these...
Default funds need careful consideration says Jenny Holt, Standard Life head of investment solutions. In association with Standard Life Q. How have April 2015’s pension reforms driven changes to default investment strategy?...
A report from Old Mutual Asset Management has found that based on country exposure by listing, default funds have an average stated allocation of 41 per cent towards UK companies, but based...
One of the criticisms often levelled at the DC pensions industry is that it has been too opaque. But thankfully, there are improvements. Transparency initiatives on fees, reporting and oversight, driven by...
Legal & General and Scottish Widows both said they expect the evolution of defaults away from targeting annuity purchase to be done in stages, with preliminary changes made ahead of April 2015’s...
