DC schemes must act on investment strategy

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Scottish Life has backed calls for defined contribution schemes to take more responsibility for its investment strategy.

It follows a report published by the Pensions Institute in April, which revealed 90% of DC members accept the default investment option and yet 69% of the pension professionals surveyed believe typical DC investment arrangements fall short of most members needs. Scottish Life says the report confirms its own analysis that a properly governed default fund, with appropriate investment choice and clear communication for members, are key ingredients which are often missing in private sector pension schemes. As a result, the insurer agrees with the reports conclusion that in addition to look...

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