The Pensions Board has published investment guidelines for trustees of defined contribution pension schemes. These guidelines aim to help trustees in deciding which investment choices to make available for scheme members.
Commenting on the guidelines, the Chief Executive of The Pensions Board, Brendan Kennedy, said:
“The ongoing shift from defined benefit to defined contribution pensions means that increasing numbers of pension scheme members will rely on defined contribution arrangements to provide their retirement benefits in the future. It is very important that the investment choices available through these schemes are appropriate and well designed and that members have a clear sense of the risks they face. Deciding on investment choices to be made available to scheme members is one of the most important responsibilities that trustees exercise in overseeing pension schemes and these guidelines will assist in this regard.”