Listen to our latest Pensions Conjecture debate on Corporate Wraps and Platforms.
Corporate wraps or platforms offer an alternative to traditional company pension schemes - offering employees a menu of savings products such as individual savings accounts (ISAs), funds and shares alongside sharesave schemes and more traditional pension schemes such as self-invested personal pensions (SIPPs) and group personal pensions (GPPs) - all integrated via one single online account.
These wraps or platforms can give employees greater flexibility around investment and pension products - allowing them to switch between tax wrappers as their needs change.
The Corporate Wraps and Platforms panel includes:
Paul Bucksey - Head of New Business Development, Friends Life
Jamie Jenkins - Head of Corporate Strategy & Propositions, Standard Life
Stephen Lefley - Head of Corporate Distribution, Zurich Corporate Pensions
The local government pension scheme (LGPS) pools have come under fire for not including member representation on governance boards to oversee the radical changes.
Neil Woodford has decided to permanently abolish staff bonuses at his firm Woodford Investment Management as he believes they can "distort behaviour".
It is important not to assume the size of a master trust is an automatic indicator of how well governed it is, according to Duncan Howorth.
Industry officials have called for asset manager reward systems to be axed in favour of higher flat salaries, in order to discourage short-termism.