11 April 2024

Berenberg - PMI Academy Learning manual: Protected Equities

Hear from our PMI Academy partner with their learning guide focusing on equities, defined contribution (DC), defined benefit (DB) and more.

The United Kingdom's Defined Contribution (DC) pension market is on the brink of a substantial transformation. Over the past decade, membership in DC schemes has experienced a meteoric rise, surging from approximately 1 million individuals in 2012 to an impressive tally of over 30 million as of now.

In this market the lifecycle model has always played a crucial role. This model dictates that the closer an investor gets to retirement, the more conservative the asset allocation becomes, typically shifting towards bonds and away from equities. This approach, while prudent, has often led to suboptimal asset allocations, particularly in the later stages of the lifecycle. Due to an initially low amount of assets in the later stages and the generally young member age, the investment focus has been on the early stages of this journey, often with little regards to the later stages. With investment pot sizes growing and members getting older, more assets are moving towards the later stages of the lifecycle which is causing fundamental changes within the DC market.

Our Protected Equities Strategy addresses this by being a solution to the DC market which was specifically designed to be the cornerstone of investment portfolios in the later stages that aims to deliver real value to portfolios and improving long term investment outcomes.

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Last update: 1 August 2024

Berenberg

Pensions Administrator

Salary: £20000 - £30000 pa

Location: Hampshire or London office with hybrid working

Senior Pension Scheme Events Analyst

Salary: £35000 - £45000 pa

Location: A flexible hybrid structure working out of UK wide offices and home working.

Pensions Admin Team Manager

Salary: £45000 - £55000 pa

Location: Work across UK wide offices in Surrey, Scotland, Berkshire, West Midlands and Greater Manchester.

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