Member

I know that last summer the DWP commissioned the Government Actuary’s Department—I did not know there was one—to model four variations of pension scheme strategies. The first of these variations was baseline: roughly, the current DC practice, with about 70% overseas equities. The second was a UK equity-focused strategy. The third was a UK balanced strategy: more UK plus some private markets. The fourth was a private market strategy, reducing overseas equities in favour of private markets. The study concluded that across a range of economic scenarios, the model portfolios delivered very similar pension pot sizes.