Implementing private markets within defined contribution (DC) pensions requires close collaboration between providers and asset managers. In this video, Aegon’s head of investment proposition, Michael Robinson, and BlackRock director, DC and retirement solutions sales, Kai Wong, discuss how they have worked together to integrate private markets within Aegon’s Universal Balanced Collection.
The discussion explores the role of private markets within a whole-portfolio DC default strategy and how this can help deliver better outcomes for members. This covers key implementation considerations, including governance, liquidity management and operational oversight, as well as the importance of effective provider–asset manager partnerships in delivering private markets at scale while also looking ahead, to consider how whole-portfolio construction across public and private markets is likely to shape the next generation of DC default strategies.