Defined Contribution - focus on investment governance

Although nine years have passed since the Myners' Principles were first introduced, concerns remain about investment governance in pensions. The Treasury and Department for Work and Pensions sponsor a group known as the Investment Governance Group (IGG), which is now turning its attention to how investment governance might best apply to defined contribution (DC) schemes. The IGG has published draft guidance for consultation. Can employers afford to ignore guidance classed as "voluntary"?

Wragge & Co's pensions experts look at what is likely to be deemed 'best practice' for both trust-based and contract-based DC arrangements.