The Defined Contribution Investment Forum (DCIF), launched today at the NAPF conference, consists of investment firms and selected other industry participants. It has a shared vision and objective “to ensure that members in a DC pension scheme receive the best possible investment services to help them meet their retirement objectives”.
The group will achieve this through the promotion of investment excellence across DC pension schemes. Today marks the start of a campaign of initiatives including industry white papers and arranging seminars and debates to kick-start the discussion. Their first paper will focus on the lessons the UK can learn from the more developed DC market in the US.
Stephen Bowles, Chairman of the DCIF and Head of DC at Schroders, comments:
“The members of DCIF are particularly concerned that the widest variety of investment techniques and approaches for DC schemes are not being considered. We believe that at present there are many DC schemes which do not give this variety to their members and that, unless DC schemes are encouraged to change the way they invest, many scheme members may fail to achieve their retirement goals. The DCIF believes DC schemes should take action now, to reduce this likelihood.”
The founder members of DCIF are Baring Asset Management, Henderson Global Investors, J.P. Morgan Asset Management, Schroder Investment Management, Standard Life Investments and Threadneedle Investments. New members are very welcome and should contact Stephen Bowles, DCIF Chair, at info@DCIF.co.uk.
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