UK - The Personal Accounts investment discussion paper received more than 60 industry responses which will help form its final package of advice to the trustee board.
Responses to the discussion paper - Building Personal Accounts: Designing an investment approach - highlighted the need to keep investment options focused on target market needs; and that a target date fund approach would be an "effective mechanism" to ensure individual's investments are managed appropriately.
The delivery authority also held a series of roundtable events with consumer groups, academics and investment professionals to get more in-depth views.
Issues such as the design of the default fund, the value of alternative investments and what fund choices - other than the default fund - should be offered were discussed.
PADA will publish a summary of the review and roundtable responses in November.
Chief executive Tim Jones said: "The personal accounts scheme will help millions of people save for retirement - people who would otherwise lack the income to live the retirement they want and deserve.
"We will work hard to ensure that recommendations on the investment approach will match our members' aspirations and are consistent with delivering a low charge, value-for-money scheme.
"The response document will be published in November, summarising the key findings and including initial analysis of the views received. This is a significant milestone for PADA and will shape our thinking even further."
Investment director Mark Fawcett added: "Our discussions with stakeholders will continue beyond November - we still have a number of steps in our journey to informing our recommendations on the investment approach. Only by considering all of the different investment options and perspectives will we succeed in achieving the right approach for future members."
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