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.
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