IMA proposes standards for pension investment governance

Quality stampThe Investment Management Association (IMA) in the UK has proposed a set of quality standards for investment governance processes, which can be applied to default investment strategies of defined contribution (DC) pensions schemes. The UK trade body has displayed support for the government's focus on improving the quality of workplace DC pension schemes, and the aim of the proposed standards is to help improve the chance of positive outcomes for the end beneficiaries. Jonathan Lipkin, director of public policy at the IMA, says: "Independent governance committees are a step in the right direction. With millions of people being auto-enrolled into defined contribution default strategies, good investment governance, which is vital in driving member outcomes, has never been more important." The approach will be applicable to both contract and trust-based schemes, and sets targets for all DC schemes to demonstrate that they are delivering on behalf of their members. Lipkin says the aim is to provide a "one stop shop" approach, rather than impose an additional regulatory burden. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.