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Julian Lyne: Can schemes legitimately claim to be inclusive if members requiring Shariah-compliant investing are offered only a fund, while other members are provided with a fully engineered retirement solution?
When the first Shariah compliant fund was made available to defined contribution (DC) members in 2004, many thought that the work had been done and a one fund option was a sufficient offering to meet the needs of the UK’s Muslim DC investors. However, as we look at the Shariah options in 2026, things have certainly evolved for the better.
The growth of auto-enrolment (AE) has created a more diverse UK DC membership base, exposing a gap between pension scheme design and addressing the needs of all members. The debate around Sharia...
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