Case Study

Premier Farnell: Designing and Implementing a Revised Default Fund

Premier Farnell: Designing and Implementing a Revised Default Fund

The situation Prior to automatic enrolment, the Premier Farnell UK Pension Scheme had a DC section with £30 million of assets and around 1,500 members, including 600 active members. The company had a further 800 employees not in any pension scheme. The existing default was a typical arrangement of passive global equities, transitioning to gilts and cash over a five-year period to retirement. The Trustees wanted to review the default

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