DC default funds

Default solutions need to be amended to take account of the changing use of funds at retirement since Freedom and Choice was introduced, Zurich has said.

Imposing a higher levy on schemes without a substantive sponsor would be fairer and act as a deterrent, according to Pensions Buzz respondents.

Designing good DC default funds for members can be a difficult and daunting task for trustees. Michael Klimes explores how they can do it