Over 90% leave assets in DC default fund

Figures from the National Association of Pensions Funds (NAPF) annual survey also reveal two-thirds of defined benefit (DB) schemes are still open to new members, although it points out many are changing their investment strategies to cope with the increased costs and risks associated with final salary schemes. Following the introduction of the Pensions Regulator's scheme specific funding regime, the findings show 27% of DB schemes anticipate being fully-funded against new statutory targets within five years, while 84% expect to achieve this within the next decade. The NAPF points out sch...