A range of regulators, consultants, asset managers trustees and pension providers spoke at PP’s latest DeskFlix episode to discuss the future of defined contribution.
PP's virtual DeskFlix event on the future of DC was broadcast on 7 July and saw our speakers open up as to the outlook for DC as well as the opportunities and challenges the current crisis presents.
You can watch the event on demand here.
The event included an update from The Pensions Regulator policy manager Louise Sivyer as well as a session looking at the future of DC - including the shift to master trusts and the increased emphasis on ESG - by Standard Life proposition director Jenny Holt.
It also included a session on how to improve retirement outcomes by putting members first, delivered by Hymans Robertson DC investment consultant Callum Stewart, and a talk on how to implement ESG into investment decisions by BlackRock's Manuela Sperandeo.
The DeskFlix event also looked at DC default design - with SEI's Steve Charlton and Louise Whyte asking how innovative portfolio design could work to protect members' savings in market downturns.
And, at a time when successfully communicating with members has never been more important, pension trustee Michelle Cracknell took a look at why being engaging is key.
The event is free to view on demand for trustees and in-house scheme professionals. Watch the event 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.
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.
Pension providers need to look for more innovative ways to improve engagement with their employees, according to Aegon.
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.
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.