Are members keeping their options up to date, reviewing funds and changing managers in a timely fashion?
Funds can become out-of-date leaving members invested in poorly performing funds. Offering structured choice can help encourage members to choose their own funds based on their own circumstances. 7. Have sponsors and trustees considered some of the newer approaches to fund choices that are now friendlier for members and better at managing risk? There is now an increasing array of investments being introduced to the DC market that could be used as part of a balanced range for members to self select from, or to add diversification to growth elements of default/lifestyle funds. 8. How insightful is the current monitoring of the scheme’s investment options? Current monitoring often simply focuses on reviewing the past performance of funds, which doesn’t provide a good indication of future performance. More active monitoring of the potential prospects of underlying funds and markets, and reviewing what members are actually investing, would be improvements. Monitoring members’ contribution d
