The default charge cap for defined contribution (DC) investment strategies should not be amended to make it easier to access illiquid assets, a majority of last week's 91 respondents said.
Respondents were also asked whether small schemes should be nudged to consolidate, and if DC schemes should publish their annual investment performance to the public. Read the results in full here....
This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
Fulcrum Asset Management is set to launch the first active diversified global climate-aligned equity fund.
Standard Life Aberdeen (SLA) saw its profits fall by a third in its first-half results as revenue fell, but redemptions from its strategies fell to the lowest level since the firm's blockbuster 2017 merger.
Independent investment manager Invesco will launch two Luxembourg-domiciled buy and maintain funds at UK defined benefit (DB) schemes.
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.