Scottish Life's Lorna Blyth on designing a default fund fit for the auto-enrolment world
This might surprise you but there’s no mention of default investments in the automatic enrolment legislation; at least not so far. However, as it’s a fundamental principle that new members shouldn’t need to make any decisions before joining the scheme, a default investment must be provided for members who prefer not to choose where their money is invested. And, given that many of the people who will save into a workplace pension as a result of automatic enrolment will be new to the world of investments, it’s more important than ever that the default stands up to scrutiny. So if you’re...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes