SAUL to preserve DB offering with 'feeder' DC arrangement

The £3.4bn University of London scheme is reviewing its investment strategy

Hope William-Smith
clock • 2 min read
SAUL Trustee Company chief executive Sue Applegarth
Image:

SAUL Trustee Company chief executive Sue Applegarth

The Superannuation Arrangement of the University of London (SAUL) will launch a “feeder” defined contribution (DC) scheme for new members to sit in for a period of three years in a move which will limit the direct entry to its £3.4bn defined benefit (DB) scheme.

SAUL has laid out the plan as part of a review of its investment strategy outlined in its 2021 annual report, and following its latest triennial valuation. The move to place new members into a s...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

'Decisive action' needed to address £100,000 gender pensions gap

'Decisive action' needed to address £100,000 gender pensions gap

20th Scottish Widows ‘Women and Retirement report’ addresses progress on gender pensions gap

Jasmine Urquhart
clock 13 November 2024 • 4 min read
Pensions dashboards could lead to more than £2bn in lost savings by 2030

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Research finds two-fifths of savers likely to use dashboards to carry out a pension transfer

Martin Richmond
clock 13 November 2024 • 3 min read
Will VfM reforms deliver what the DC industry needs?

Will VfM reforms deliver what the DC industry needs?

Jacqui Reid says there are two significant problems with the FCA’s proposed approach

Jacqui Reid
clock 13 November 2024 • 4 min read
Trustpilot