Why pension schemes are failing members in downturn

The onset of the Covid-19 pandemic has placed enormous strain on pension funds – and revealed that too few of them have properly educated their members about managing their retirement nest-egg. Industry experts told AsianInvestor that a lack of guidance from investment industry and local pension bodies on de-risking particularly affected older pension savers as markets fell during March and April. Some were too exposed to risky assets and they had insufficient knowledge on what to…