SAUL to preserve DB offering with 'feeder' DC arrangement

The £3.4bn University of London scheme is reviewing its investment strategy

Hope William-Smith
clock • 2 min read
SAUL Trustee Company chief executive Sue Applegarth
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SAUL Trustee Company chief executive Sue Applegarth

The Superannuation Arrangement of the University of London (SAUL) will launch a “feeder” defined contribution (DC) scheme for new members to sit in for a period of three years in a move which will limit the direct entry to its £3.4bn defined benefit (DB) scheme.

SAUL has laid out the plan as part of a review of its investment strategy outlined in its 2021 annual report, and following its latest triennial valuation. The move to place new members into a s...

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