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.
He said: “There is a common misconception that DC administration is simple, but the amount of people relying on DC scheme administration – ranging from finance directors to trustees – means it has a diversity of requirements.”
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model