The Investment Association (IA) published a paper on Defined Contribution (DC) pensions, ‘Putting Investment at the Heart of DC Pensions’, highlighting the critical importance of investment management, alongside the need to increase pension contributions, if today’s savers are to have a more secure and prosperous retirement.
Auto-enrolment has been a game-changer, succeeding in bringing nine million new savers into the pensions system. In order to achieve the best outcomes for both new and existing savers, the investment process needs to be front and centre for DC schemes.
The IA paper builds on the existing direction of travel in the key areas of investment governance and transparency, while also seeking to respond effectively to the changing needs and priorities of the economy and society.
Looking to a new partnership between pension schemes and the investment management industry, the IA’s paper sets out a range of measures and recommendations that will create a firm foundati
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