Why First Group is considering adopting a multi-default fund strategy for the First UK Bus Pension Scheme

Jonathan Stapleton
clock

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.

The scheme The First UK Bus Pension Scheme, which historically only offered DB benefits, provides DC benefits through a new section of its trust-based scheme for bus employees. The scheme prov...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Government announces small pensions pot consolidator

Government announces small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 2 min read
Mansion House Compact II draft circulated after 'tense' negotiations

Mansion House Compact II draft circulated after 'tense' negotiations

Reports say Rachel Reeves is closing in on a £50bn deal with pension funds to ‘buy British’

Jonathan Stapleton
clock 22 April 2025 • 2 min read
Aon urges DC members to 'stay calm' amid increased market volatility

Aon urges DC members to 'stay calm' amid increased market volatility

Firm warns savers to be ‘on their guard’ against risk of scams during tariff-induced turmoil

Martin Richmond
clock 14 April 2025 • 2 min read
Trustpilot