UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.
He likened the operation of DC schemes with building society accounts.
“There is a common misconception that DC administration is simple but the amount of people relying on DC scheme administration means it has a diversity of requirements.”
Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.
Kate Smith has been named head of master trust at Aegon following the acquisition of BlackRock's defined contribution (DC) businesses.
Andy Palmer says trustees and employers should prepare for a no deal, which could pose big risks to sponsor covenants