Tim Middleton: Governance challenges for a DC pension’s default fund

Tim Middleton, technical consultant at the Pensions Management Institute, talks to Jennifer Paterson, senior reporter at Employee Benefits, about the governance issues to consider in relation to pension investment fund selection for defined contribution (DC) pension schemes.

Contract-based and trust-based DC schemes have slightly different pressures, but both need to take care of the fund choices available to their members.

Middleton discusses pension charges, the shift away from lifestyling and the degree of choice, among other key issues.