11 August 2009
The Investment Management Association (IMA) has issued a press
release commenting on the investment strategy of the Personal
Accounts system.
Jonathan Lipkin, Head of Research at IMA said: "It is crucial
that the default fund's investment strategy is designed for the
long-term needs of its members and not determined by concerns over
communication and member behaviour. Otherwise, there is a danger
that the scheme will be 'recklessly conservative' and the outcome
inadequate. The challenge for PADA and the Trustee Corporation will
be to find an investment objective that can be both meaningful to
members and allow the Corporation to work towards satisfactory
investment outcomes."
The full press release can be viewed here:
http://www.investmentuk.org/press/2009/20090810.asp
