Defined contribution default funds need revising so that they combine the best of traditional lifestyle and target date funds, Standard Life says.
In a white paper published today, the life and pensions provider said the introduction of more sophisticated investment propositions had lead to the development of hybrid approaches that offer the best...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.