UK - Fidelity Investments has introduced a buy-out plan to its range of DC product options, enabling trustees of occupational pension schemes to transfer liabilities to individual member policies.
Fidelity said the product was intended to accommodate the “increasing trend of employers moving away from occupational DC schemes to contract-based arrangements such as stakeholder pensions”.
The buy-out plan offers members access to Fidelity’s range of DC investment funds as well as a selection of externally managed funds, the fund manager said.
Commenting on the announcement, Richard Parkin, director of DC product development said: “Fidelity’s buy-out plan is a valuable addition to our DC product offering. Together with our recently launched stakeholder plan, it gives us a full range of options for corporate DC clients.
“Combined with a high quality client service and flexible investment options, this makes the buy-out plan a very attractive proposition for trustees.”
Fidelity provides investment products and services to individuals and institutional investors outside the US.
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