Breadcrumb Home April 18, 2017 03:31 AM Robert Merton explains why NAV gives DC participants the wrong message Tweet Share Share Email More MIT economist Robert Merton explains why NAV gives defined contribution participants the wrong message about retirement savings. Crain Recommended for You Malaysia’s EPF ends 2020 up 7.9% at almost $250 billion Database’s debut focuses on public-sector DC plans DC plan sponsors differ on need for annuities – survey Sponsored Content: Lessons From 2020: Today’s OCIO Model Passes a Major Test of Governance