Investment - Articles - Trustees not been timid in adopting innovative investments


Hugh Nolan, senior trustee representative at Dalriada Trustees comments on the Work and Pensions Committee pension charge enquiry

  “The Work and Pensions Committee focus on investment charges in pensions is very welcome, however, the view that the industry only deserves a low score on charge transparency is unfair. The vast majority of trustees have the right information to make decisions for the best outcomes for members. Selecting the right investment for a pension scheme involves weighing up many different factors and charges are one important part of this. Our mission as trustees is to get the best results for members overall.
 
 “Guy Opperman’s view that trustees have been timid in adopting innovative investments is simply not the case. Trustees have a wide range of investments available to select for schemes, even if we choose not to invest in some that politicians would like us to buy for their own reasons. It is overly simplistic to imagine that members will engage more if we choose interesting investments for them. All the evidence shows that members rely heavily on trustees to select the most appropriate funds and it would be foolish to choose a sub-optimal asset allocation in the hope of generating more engagement. On the Defined Contribution (DC) side it is far better for us to concentrate on getting the best outcomes from the default arrangements.”
  

Back to Index


Similar News to this Story

Marks and Spencer complete second round of pensioner buy ins
Marks & Spencer has taken another important step in reducing the risks in its £10bn UK defined benefit pension scheme. Marks & Spencer has now secured
SMEs not achieving maximum return on investment
Quantum Advisory, the leading independent financial services consultancy, has said that whilst more small to medium sized employers (SMEs) are now inv
Broadstone acquires 3HR Benefits Consultancy
Broadstone, one of the UK’s leading employee benefits and pensions consulting businesses, has announced the acquisition of 3HR Benefits Consultancy. T

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.