Default fund

Wolseley head of reward, benefits and policy Neil McCawley (pictured) sees changes to the Wolseley Group Defined Contribution Plan as an "evolution rather than a revolution".

First group reward and pensions director John Chilman (pictured) says increased member engagement will be necessary in order for individuals to choose the most appropriate default option.

Schemes and providers must consider having a default option for the decumulation stage, according to industry participants at a National Association of Pension Funds (NAPF) seminar.

Policymakers' decision not to apply forthcoming governance and transparency rules to funds other than default options may lead to a regulatory gap in defined contribution (DC), Linklaters has warned.

Maintaining a diversified investment approach in default solutions for small and medium enterprises (SMEs) is increasingly challenging due to cost constraints, according to research.

Providers are struggling to assess value for money in defined contribution default funds because of the wide variation in outcomes targeted by members, according to research.

PP speaks to L&G's Rob Durbin about how the firm communicated AE to members

Savers in defined contribution (DC) default funds are far more exposed to emerging markets than they realise, a research paper has warned.

Wolseley UK's Neil McCawley speaks to Michael Klimes about its award-winning DC and auto-enrolment strategies.

Auto-enrolment may have been with us for a few years now but it is only just getting going, with over 90% of employers yet to go through the process. Richard Hulbert takes a look at what still lies ahead.