Mr Lipkin said that workplace pension schemes have significant responsibilities towards their members and these responsibilities are particularly important given the likely dependence of many members on default investment strategies.
In response to today’s Fair Pensions report – Whose Duty? Ensuring effective stewardship in contract-based pensions – Jonathan Lipkin, IMA’s Associate Director, Pensions and Research, said: “Good governance is a challenge for the whole pensions industry. Disagreements over the merits of trust-based vs contract-based arrangements focus the debate in the wrong place. Governance has been a significant focus in recent years and the IMA has been closely involved. The result has been the Investment Governance Group (IGG) DC Principles which establish best practice for both contract and trust-based schemes and are in use right now ahead of automatic enrolment."
Press release
© NAPF - National Association of Pension Funds
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