UK - Trustees must consider risk, investment options and manager style when establishing DC schemes, according to a leading investment manager.
ICI Investment Management managing director Graham Allen said: “The prime consideration has to be risk and the need for diversification.
“They will also need to look at the number of types of investment options that they should offer in order to achieve adequate diversification and minimise risk.”
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.