The National Association of Pension Funds (NAPF) has called for industry views on including standards for default investment funds in the criteria for awarding its Pension Quality Mark (PQM).
Trustees are not engaged with default funds or charges, despite both issues being in the spotlight ahead of auto-enrolment's introduction later this year, the Pensions Regulator says.
FTSE100 company defined contribution schemes' use of default options has increased from 82% to 92% over the past year but a fifth of defaults do not meet government standards, a consultant says.
Standard Life has overhauled its corporate investment range, introducing default options specially tailored for auto-enrolment.
Industry gets behind PP call to arms on decent defaults
Professional Pensions has launched a Campaign for Better DC Default Options in a bid to raise awareness of best practice in defined contribution default design.