The default funds that many Defined Contribution schemes have in place are no longer fit for purpose, as they were designed when members had to buy an annuity at retirement. The new pension freedoms give members more choices at retirement, and default funds need to be updated to support this.
We work with you to select the most appropriate default fund, and help keep it under review so it continues to meet your members’ needs. Most providers offer their own default funds, but these involve differing levels of risk and vary in the returns they aim for. We will help you understand the aims of each default fund, its past performance and how it works. This will help you select the best provider for your needs.