Npss default fund should be 'target-date'

In the 58-page document: ‘Dealing with the reluctant investor: Innovation and governance in DC pension investment’, the Pensions Institute at Cass Business School, suggests default funds in defined contribution (DC) schemes need to become more ‘innovative’. The authors - Alastair Byrne, David Blake and Debbie Harrison – argue employers, scheme providers and advisers must take a greater responsibility for the design and communication of the default fund as this is where around 90% of members invest their contributions. But the report says while typically 90% of DC members accept the defa...