Most DC members uninterested in investment decisions

Posted on Feb 24, 2010

According to research by AllianceBernstein, 69% of DC scheme members are "reluctant" or "unprepared" to make active investment decisions about their pension.

David Hutchins, AllianceBernstein's Head of UK DC Research and Investment Design, said "for all the effots made by pension providers and policy makers in devising new ways to communicate with savers, the simple fact is that people are not interested in the nitty gritty of investing... The design of DC schemes, and particularly the default funds in which most DC members end up, should first and foremost reflect the characteristics of the 'accidental investor' majority."