UK - Royal London Asset Management (RLAM) is set to offer a new defined contribution (DC) pensions product.
According to RLAM’s head of sales and marketing, Christopher Edge, the company is still developing the product, which it plans to offer at the beginning of 2002.
Edge added that RLAM recognised the changes in the UK pensions industry and was under pressure to move from traditional defined contribution plans to a more modernised DC arrangement.
“We are designing a product that we feel will be an answer to where the industry is moving,” he said.
“A great deal of emphasis will be placed on communication where we plan to develop a call centre to support the DC product.”
*RLAM’s subsidiary Scottish Life currently offers DC third party administration services via its DC Solutions firm. Companies using this service include Phillips & Drew and Invesco.
By Janet Du Chenne
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.