Stephen Budge

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Aegon Asset Management and Mobius Life have partnered to launch an active beta property fund for UK defined contribution (DC) pension schemes.

Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.

Consultants have warned that cost constraints are holding defined contribution (DC) schemes back, responding to a Department for Work and Pensions’ (DWP) consultation on the effectiveness of costs, charges and transparency measures.