Meaningful guarantees for defined contribution (DC) members are prohibitively costly, driving down demand, according to Hymans Robertson investment consultant Mark Jaffray.
Guarantees are unnecessary for people starting out in their careers but become more important nearer retirement, he told delegates at the National Association of Pension Funds' (NAPF) Investment Co...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date