DC defaults 'bounced back' in 2023 providing positive returns for many

Barnett Waddingham finds all age cohorts benefited from rising equity markets and positive performance

Jasmine Urquhart
clock • 4 min read
Barnett Waddingham found DC governed defaults performed well last year after a 'turbulent' 2022
Image:

Barnett Waddingham found DC governed defaults performed well last year after a 'turbulent' 2022

Returns from defined contribution (DC) default retirement plans “bounced back” in 2023, according to research from Barnett Waddingham.

The consultancy's research into 22 DC governed defaults across 18 providers found in the year to 31 December 2023, all age cohorts benefited from positive returns. One-year and five-year perform...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Partner Insight: Why active investing is becoming more outcome-oriented

Partner Insight: Why active investing is becoming more outcome-oriented

As pension schemes and institutional investors face increasingly complex objectives, active investing is evolving beyond security selection towards more purposeful portfolio design and implementation.

Samantha Ricciardi, Head of EMEA, Fidelity International
clock 19 October 2026 • 5 min read
Partner Insight: Should pension education become as routine as health and safety training?

Partner Insight: Should pension education become as routine as health and safety training?

L&G's Building Future You workplace pilot explores whether retirement adequacy can be supported by treating pension education as a workplace responsibility.

L&G
clock 19 October 2026 • 4 min read
Industry must treat DC roadmap as a connected system

Industry must treat DC roadmap as a connected system

Panel says it is ‘incumbent’ and ‘non-negotiable’ to deliver reforms successfully

Martin Richmond
clock 15 October 2026 • 2 min read
Trustpilot