Focus on default funds risks DC governance gap

Stephanie Baxter
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Policymakers' decision not to apply forthcoming governance and transparency rules to funds other than default options may lead to a regulatory gap in defined contribution (DC), Linklaters has warned.

Partner Jacqui Reid is concerned the DC governance standards that come into place this year only apply to the default section of schemes. Trustees will have to review the default strategy to ens...

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