Almost a fifth of schemes have not reviewed their default investment strategy in light of freedom and choice according to Lifesight, the master trust owned by Willis Towers Watson.
According to the firm's Pension Design Survey 2015: how employers are embracing freedom and choice, 80% of contract-based and trust-based schemes surveyed had examined their default investment approach....
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.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point