The Defined Contribution Investment Forum (DCIF), launched today new research that indicates interest from DC members in the types of investments they’re making with their pension savings.
The research, "Identifying new ways to engage with savers in Defined Contribution Pensions", commissioned by The Defined Contribution Investment Forum, explored how consumers might respond to funds built around different ‘social’ objectives. It found that the majority of respondents (77%) indicated that they would prefer a social investment fund over a conventional fund. The research also found that 44% of respondents still preferred their chosen social investment fund even when they were told they would receive an 8% smaller pot at retirement.
Andrew Dickson, Chairman of the DCIF and Investment Director at Standard Life Investments, comments:
"The importance of ensuring that the Pensions Industry delivers appropriate and relevant investment solutions to meet the evolving needs of DC members is a natural topic for the DC Investment Forum to consider. This research has identified an interest from large groups of future DC pension savers in what type of investments they’re making with their retirement savings, rather than just achieving investment returns derived from conventional approaches. These findings present an opportunity for the pensions industry to engage with members on the design of their DC pension investments and restore greater trust in pension savings."
The members of the DCIF are AXA Investment Managers, Baring Asset Management, J.P. Morgan Asset Management, Schroder Investment Management, Standard Life Investments and Threadneedle Investments. New members are very welcome and should contact Andrew Dickson, DCIF Chair, at info@DCIF.co.uk.
The research was conducted by Movement, a strategic brand consultancy, in January 2013 and is based on an online survey of 1004 potential contributors to DC pension schemes.
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