Independent Governance Committee
Inconsistency in DC default could lead to greater opt-outs
Lack of consistency across defined contribution (DC) default funds may result in larger numbers of members opting out, Punter Southall Aspire has warned.
Aviva and Friends Life IGCs merge
Aviva and Friends Life have combined their independent governance committees (IGCs) following the merger of the insurers last April.
L&G appoints master trust trustee and IGC member
Ali Toutounchi has been appointed a trustee of Legal & General's (L&G) master trust as well as a member of its independent governance committee (IGC).
Aegon is improving value for money by cutting charges, says IGC
Aegon is reducing or simplifying charges for over 600,000 contributing members of workplace schemes, according to its independent governance committee (IGC).
SPP produces standardised DC governance reporting statement
The Society of Pensions Professionals (SPP) has published two standardised reporting statements to help trustees and independent governance committees (IGCs) comply with recently-introduced governance requirements.
LGIM hires head of DC
Katharine Photiou has been appointed as head of workplace defined contribution (DC) product and proposition by Legal & General Investment Management (LGIM).
IGCs will have 'little power' to improve value for money
Independent Governance Committees (IGCs) will have only limited powers to improve value for money in contract-based schemes due to legal constraints, it has been warned.
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