Trustee guide to defined contribution
The responsibilities of defind contribution trustees are often underestimated. Find out the essentials in our trustee guide to DC
• A well defined role: The challenges for defined contribution trustees may be different from those of their defined benefit counterparts, but they are no less onerous, finds Maggie Williams
• Focusing governance where it matters most: David Hutchins of AllianceBernstein suggests that defined contribution schemes could use their limited governance resources more effectively
• Make flexibility your friend: Flexibility in defined contribution design has benefits for members, trustees and sponsoring employers, says Will Allport of AllianceBernstein
• Moving from DB to DC - a change of role: Stephen Lefley, Zurich, explains what defined benefit trustees can expect as they take on new responsibilities for defined contribution
• Getting to Generation Y: The needs of younger members of pensin schemes should be an important consideration in your engagement strategy, says Ian Buchan of Standard Life
• The pace of change: Defined contribution administration is more fascinating than ever before, says Carole Ward of Barnett Waddingham
• Setting up a new DC plan: Martin Palmer, Friends Provident, answers questions on the essentials of creating a new defined contribution scheme
• The hole in the middle: Is there a hole in the middle of many DC plans' investment strategies and communications? asks Gary Smith, Watson Wyatt
Expert panel debate:
A. How does the role of a DC scheme trustee differ from that of a DB scheme?
B. What are the most pressing education needs for DC trustees?
C. What could DC trustees be doing better?