Empty fund links plague DC schemes

despite increase in fund choice for DC investors majority are not opting to use them report reveals

Three-quarters of defined contribution pension schemes have unused fund links and just 2% of default lifestyle options offer enough choice to cater for differing risk profiles, a recent survey by DC Link has revealed. According to research from the third-party administrator, while there has been an increase in the number of funds available to DC investors, the vast majority are failing to make use of this. The average GPP and stakeholder pension now offers 13 funds, up from 8.03 last year and occupational trust-based schemes included 9.5 in 2006 compared with 8.7 in 2005. On average, a me...