The search for a utilitarian default fund for DC members is underway and attention is turning to US-style target date funds, but they too are not without their flaws

Default funds form the backbone of DC provision, but the industry has finally woken up to the need for a new approach. Pádraig Floyd reveals the latest thinking

DC default plans may not be perfect, but for the majority they offer the best returns, and are a safer option than allowing members to actively manage their own investments

In-specie transfers may appear simple on the surface, but there are many traps along the way to catch out the inexperienced scheme member