UK - Legal & General Investment Management is unveiling a fully bundled defined contribution option for corporate clients.
LGIM’s corporate business division is, for the first time, allowing corporate pension customers access to its range of daily dealt single priced index tracking funds. LGIM says more than 700 of its trustee customers operate unbundled DC schemes but many are now looking to a bundled approach.
Corporate business division director Diane Buckley said: “This is a welcome development for many of our customers because of the consistent long-term performance and lower risk characteristics of the funds on offer.”
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.