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Article: Vanguard aims for DC market.(defined-contribution pension)(Brief article)
- Article from:
- Money Marketing
- Article date:
- October 8, 2009
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Vanguard is looking to break into the UK defined-contribution pension market within the next three years following interest from scheme providers about including the firm's index trackers in their investment line-up.
Head of retail Peter Robertson says six of the top 10 DC providers - insurance companies mainly - have approached the firm to ask how the funds might work on their platforms.
Robertson says plans to break into the DC sector in the UK were accelerated, in part by a potential new competitor in Black Rock following its purchase of Barclays Global Investors earlier this year.
He says: "DC is something that we envisage doing over the ...