Latest articles from Rona Train

What does value for money in a DC default look like?

Rona Train

There is a worrying lack of consensus in the DC default market around investment strategy and risk. Hymans Robertson’s Rona Train says outcome-focused trustees and independent governance committees will conclude that younger members can tolerate risk, while older members can pay for protection.

Plastic Lamborghinis: The worrying FCA Retirement Outcomes Review

Rona Train

From the blog: The Financial Conduct Authority’s latest Retirement Outcomes Review presented some interesting statistics, particularly for those of us in the business of designing pre-retirement investment strategies.

More than a million defined contribution pots have been accessed since pension freedoms were implemented in 2015. We also discovered that 72 per cent of those were accessed by people under 65; 53 per cent of pots accessed were fully withdrawn; and 90 per cent of those accessed were under £30,000.

For me, three conclusions of particular note can be drawn from these figures.

Employers need to step closer to the ‘advice line’

Rona Train

Hymans Robertson's Rona Train looks at how employers can do more to give access to advice or guidance to pension scheme members.