We believe employers should make use of all available tools in order to deliver the journey members are looking for.
Our defined contribution (DC) investment philosophy is supported by our Investment team who undertake manager and fund analysis as well as asset risk and lifestyle modelling. Together we have designed DC investment solutions that focus on two distinct phases:
We assist schemes in complying with all formal governance requirements. This could include putting in place robust monitoring and performance reporting, covering:
it is important for employers to have a strategy in place, not just around how to support those approaching retirement, but all DC members. Support and guidance is needed at each life stage and we can help with the key messaging and design through our online portal, Me2.
“Investment performance (net of investment charges) is one of the most critical factors in the ultimate outcome for the member, especially considering the low levels of contributions typically put into DC plans”Mark Futcher
Partner, Barnett Waddingham
ESG is a hot topic at present for those who manage DC pension schemes. Regulatory requirements from the DWP and TPR means trustees now have to consider how ESG affects the investment strategy for their members. What are the implications of this change?
The level of regulation, legislation and governance burden on DC schemes is increasing. Therefore, so is the level of associated operational cost and risk – leading to a number of schemes closing and members’ assets being moved elsewhere.
The ‘Freedom and Choice’ reforms shook up the market a few years ago and said that people were free to use their pension pot as they wish. However, more freedom equals more choice and that makes choosing what to do at retirement more complex.
New regulations and accompanying statutory guidance compel trustees to produce detailed analyses of the costs and charges incurred by scheme members on their money purchase benefits.
As more of the property market opens up to investments, property should remain an important part of pension scheme’s strategies.
Should bulk annuity purchases be of interest to more schemes? With 132 transactions in 2017, this is small compared to the 5,700 UK DB pension schemes. Are schemes missing a trick, or does bulk annuity purchase only make sense in a minority of cases?
In a world where legislation, products and most importantly of all, member needs are constantly evolving, ongoing governance is vital to ensure DC arrangements remain suitable. We look at how a well-designed governance structure can prepare a scheme for future challenges that might arise.
We examine the pension scheme journey of Mitchells & Butlers, one of the largest operators of restaurants, pubs and bars in the UK. Both company and trustees worked together to deliver a market-leading DC scheme with better outcomes for members at its core.
At our DC Conference, we helped delegates understand the experiences, challenges and thought processes of their members to enable them to make better decisions for their scheme – truly putting themselves in their members’ shoes.
Surveying the financial wellbeing of 3,000 people, we've discovered some stark findings on how prepared the current UK workforce is for retirement.
Our ‘Generation WHY? study, now in its third year, highlights important generational attitudes and perspectives towards money matters as well as savings and how personal affluence affects outlook.
Barnett Waddingham named ‘highly commended’ in the ‘DC Consultancy of the Year’ category at the UKPA awards in what was a very competitive field.
We are delighted to appoint Sonia Kataora as our new Head of DC Investment to lead the provision of investment advice to DC clients.
For the second consecutive year, we are delighted to have been named ‘DC Adviser of the Year’ at Pensions Insight's DC Awards.