Friends Provident is set to launch a default fund for defined contribution pension schemes to diversify investment options and reduce risk.
Head of pensions marketing Jeremy Ward said the new product would be launched within the next eight to 12 months and would offer diversified growth, enhanced returns and decreased risk for scheme members....
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.