Defined Contribution Plans

Getting smart (beta) about target date funds

Published by: BlackRock

Can factor investing help target date funds achieve their objectives? Explore how carefully selected smart beta exposures can be implemented within the glidepath to seek additional return for younger participants and reduced volatility near retirement.

High Conviction Active Management Asserts Strength Over Time

Published by: ClearBridge Investments

Arguments against the ability of active strategies to outperform market benchmarks fail to differentiate the many active management approaches available to investors. A recent ClearBridge analysis identifies turnover rate and number of holdings as determinants of performance among active strategies.

The Participant Magazine Winter/Spring 2017: The Longevity Issue

Published by: State Street Global Advisors

The Participant Magazine, State Street Global Advisors Defined Contribution flagship publication, takes a deeper look at longevity in this special issue. It explores how increasing human life spans are creating new opportunities and challenges for retirement savers.

The Path to Transparency In Alternatives Investing

Published by: Northern Trust

A Northern Trust sponsored survey of 200+ asset managers and investors reveals evolving priorities around transparency and risk, as well as a need for industry consensus with regard to governance. Gain insights into alternatives and download the paper today!

From Infancy to Maturity: Emerging Market Local Debt Enters Its Prime

Published by: OFI Global

Investors in EM debt have traditionally pursued bonds issued in an advanced country's currency, but today there is a more robust sector of locally denominated bonds. We believe this sector features more attractive risk/reward characteristics than ever before.

Generating Passive Alpha in the Core of a Portfolio

Published by: WisdomTree

This paper examines the philosophical and fundamental underpinnings for the creation of the WisdomTree fundamentally weighted Indexes, showcases the impressive performance track record generated, indicates the factors we believe drove performance, and concludes with how we think these strategies fit into the U.S. equity market context today.

Rethinking Longevity Risk: A Framework to Address the Tail End

Published by: S&P Dow Jones Indices

With the significant improvement of human lifespan, traditional retirement thinking does not adequately take into account the need for providing for the tail end of the lifespan in the form of a stable stream of retirement income.

Strengthening the core: Preparing DC menus for the next evolution

Published by: BlackRock

Core menus are designed to provide choice and diversification. But are they meeting that expectation? Our examination suggests four key steps to drive the next evolution of investment menus.

Populism and the Threat to Globalization

Published by: Standard Life Investments

What is driving the rise of populist parties in Europe, the election of President Trump, Brexit? We explore these issues alongside social and cultural changes globally and consider the implications for the future of globalization and for markets.

Schroders’ Global Investor Study (pension fund investors) – Focusing on investment outcomes and ESG issues

Published by: Schroders

A new political and economic landscape is changing investors’ priorities and approach. The Schroders Global Investor Study shows that a focus on investment outcome rather than relative return is fuelling a significant rise in multi-asset and smart beta investing.

A different kind of target-date investor

Published by: Vanguard

In A different kind of target-date investor, from Vanguard Center for Investor Research, authors examine how participants become mixed target-date investors, determine if the concerns raised about mixed target-date investors are valid, and suggest measures to avoid such risks.

An examination of global asset allocation and home bias

Published by: Vanguard

Research has found that asset allocation is the key driver of return variability for a diversified portfolio. Vanguard offers clarity with two questions: How does asset allocation affect risk/return expectations? And how much home bias is reasonable?

Retirement distribution decisions among DC participants

Published by: Vanguard

The majority of retirement-age DC plan participants leave their plan within five years of separation from service. Participants are more likely to remain when plans permit flexible distributions, having implications for target-date fund design and retirement income programs.

Lengthening the Investment Time Horizon

Published by: MFS Investment Management

Investors are increasingly making decisions based on short-term market trends due to the role of incentives, the media, financial reporting, and other decision-making biases. But there are opportunities for differentiated performance when investors hold securities for longer periods.

The Changing Equation: Building for Retirement in a Low Return World

Published by: BlackRock

What happens when longer retirements meet lower returns? DC plan participants need action and guidance to prepare. Explore BlackRock’s The Changing Equation: Building for Retirement in a Low Return World.

Vanguard Life-Cycle Investing Model: A framework for building target-date portfolios

Published by: Vanguard

New tools from Vanguard can help determine if plan participants could benefit from a glide path designed for unique participant populations. Vanguard explains the inner workings of their proprietary model for glide path construction.

A powerful combination: Target-date funds and managed accounts

Published by: Vanguard

Cynthia Pagliaro and Stephen Utkus, Vanguard Center for Retirement Research, explain how a combination of target-date funds and managed accounts can work with all your plan participants.

Beyond Labels: Advancing Your Approach to Target-Date Evaluation and Selection

Published by: American Century Investments

Overview of four common labels to better compare TDFs – and advance the manager selection process.

DC Plan of the Future: DB Principles for the DC Generation

Published by: BNY Mellon

The age of DB may be over but many of its principles can be used to improve DC plans. BNY Mellon has revealing insights into how DC plan sponsors are drawing on DB best practices to increase efficiency.

Defined Contribution Balances: Finding the Right Solution for Participant Management

Published by: Northern Trust

As DC plans increasingly replace defined benefit plans, responsibility for retirement readiness has shifted to employees. Auto-enrollment and auto-escalation help, but how else can we prepare participants to shoulder responsibility for their retirement outcomes?

Mapping the Boundaries Between Education and Advice Under the New Fiduciary Rule

Published by: PNC Retirement Solutions®

The Department of Labor set a clear framework for defining when communications to retirement plan participants and IRA owners constitute advice. Knowing where the line is drawn between communications that trigger fiduciary status and those that do not will be an important element in managing your fiduciary risk exposure.

Passive and Active Fulfillment Choices
Target Date Funds: Combining the Best of Active and Passive

Published by: QMA

QMA discusses the characteristics of different types of active equity managers and examines the advantages of combining a quant approach with indexing. We also consider the implications in target date funds and how fulfillment choices impact retirement savings and income.

The Ease of Automation and Guaranteed Lifetime Income

Published by: Prudential Financial, Inc.

Prudential Retirement commissioned a survey that asked plan participants their thoughts on plan design features. This whitepaper takes an in-depth look at the findings and suggests ways for plan sponsors to better meet participant needs and expectations.

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For more information on submitting a white paper, please contact Richard Scanlon at rscanlon@pionline.com or 212-210-0157.