A group of asset managers thinks the daily dealing requirements placed on DC pension funds are curtailing members' investments by as much as 5%. Jenna Towler finds out why.
There is a gap between the investment standards of defined contribution (DC) and defined benefit (DB) pension investments, according to the Defined Contribution Investment Forum (DCIF). The group, which features many of the industry’s largest asset managers and life companies, is working to improve the lot of DC members. Its latest paper, The case for a relaxation of daily dealing requirements for DC pension funds, argues DC savers are missing out on access to illiquid investment opportunities due to the daily dealing requirements placed on their schemes, which are not the norm in DB ...
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