NEWS   |    March 16, 2017

Anna Copestake comments in Actuarial Post on the value placed on asset security by members

According to to recent consumer research of contract based schemes conducted on behalf of the Independent Governance Committees (IGCs), pension scheme members value the security of their assets more highly than aspects such as charges.

Senior Associate Anna Copestake, who is also a member of the Security of DC Assets Working Party, commented: “We have been engaging with the various industry bodies on this topic for over two years and have yet to be able to determine for certain what protections are in place if providers or funds were to fail.
“Although in most cases it will be a ‘tail end risk’, members are clearly worried about this topic and we hope this research helps us to move forward in an increasingly constructive manner with those with whom we are talking.”

Read the full article here in Actuarial Post.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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