UK - Watson Wyatt says its new defined contribution "Investment Gateway" has attracted at least 20 pension schemes and more than £2bn (€2.96bn) of assets.

"Since its introduction, at least 20 plans (including the firm's own trustees) have chosen this framework, committing in excess of £2bn in total, to access a far more comprehensive range of investment managers across most asset classes and investment styles than conventional providers.

Funds named include news group Reuters and pest control firm Rentokil.
 
"Historically, the investment options available to trustees of occupational DC pension funds were both inadequate and inefficient, resulting in severe constraints when setting investment strategy," said Paul Trickett, European head of investment consulting at Watson Wyatt.

He added: "As their assets grow, DC funds will be looking to enhance the investment proposition to their members by implementing the most efficient investment strategies possible.

"This is achievable through the Investment Gateway because it can deliver desired investment options and managers through a single structure while expanding governance budgets. Furthermore, it satisfies companies' requirements to deliver competitive DC pension plans to their employees."


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