Pensions regulators rightly stress the primacy of value for money and good governance in defined contribution pensions. But while the primacy of low cost endures, cheap investment solutions’ recent performance masks a real risk to outcomes, says AllianceBernstein’s David Hutchins.

AllianceBernstein’s portfolio manager of multi-asset solutions, David Hutchins, suggests a series of changes to defined contribution costs and charges in light of the review launched by the Department for Work and Pensions in this space.

When it comes to ensuring good governance, few things are more important than the process applied to the default investment strategy, says AllianceBernstein's David Hutchins. 

While recent history and the performance of simple balanced portfolios would suggest defined contribution defaults are overly diversified, we cannot assume the future will accurately mimic the past, says AllianceBernstein's David Hutchins.

Smart beta has gained considerable traction with pension funds, writes AllianceBernstein's David Hutchins, but investors should still maintain a healthy dose of cynicism towards new factors and ensure performance is measured effectively.

AB Global’s David Hutchins on why the recent final report on asset management will set a welcome direction of travel, and why both consultants and trustees should be brought within the FCA framework.

AB's David Hutchins explains why allocation of assets between different passive funds might be more important than the management of those funds.

Value for money is at the heart of defined contribution, but asset manager AB's David Hutchins says cheap investments do not always make for a cheerful retirement outcome.