Supported by the recent Mansion House reforms, focus is steadily shifting towards the value that DC pension schemes are delivering for members, with greater scrutiny on net investment returns rather than simply looking for the lowest cost options.
In reality, portfolio diversification and a likely shift to greater private market allocations will take time, as defined contribution schemes and providers work together to tackle the challenges this presents.
But what can we learn from our global counterparts, who are already well versed in allocating to private markets and understnad the role they play in contributing to better outcomes for DC pension savers?
At our recent thought leadership event, we were joined by Paul Watson, one of Australia's leading pension experts. Paul provided an insight into superannuation funds in Australia, and how they are leveraging private markets and less liquid assets to drive higher investment returns.
We considered some of the benefits of the Australian model, and discussed how this might work within the context of the UK defined contribution market.
Our Speaker - Paul Watson
Paul has held chief executive, executive director and group executive positions in several of Australia's best known and performing superannuation and pension funds, including Hostplus, Military Super and Australian Reward Investment Alliance.
