Asset management firms will push to take control of defined contribution default fund design as the market develops more sophisticated strategies, the Investment Management Association predicts.
Fund managers currently focus on the management of underlying assets and the manufacture of funds, but a report by the IMA says default strategy design, such as target dated and lifestyle funds, will allow...
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.