An Organisation for Economic Co-operation and Development (OECD) working paper, published this month, has found defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks.
The supranational body’s paper – written by Pablo Antolin, Stéphanie Payet, and Juan Yermo and entitled Assessing Default Investment Strategies in Defined Contribution Pension Plans – said similar strategies...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.