Only 13 per cent got information from an adviser not connected with the plan. • About 40 per cent of plans did not evaluate each target-date fund when adopting a new target-date series, even when nearly all believed that they should. • The majority of plan sponsors offered only single-manager target-date funds, yet three-quarters believed multimanager products were a better choice. The Janus report concludes: “If target-date funds are to become the preferred retirement investment vehicle for defined contribution plan participants, every key stakeholder in the industry – plan sponsors, record keepers, funds managers, consultants, advisers and regulators – must share responsibility in addressing these challenges and furthering education to help [investors] achieve more successful retirement outcomes.”
30 November 2009 00:12
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Investments
The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.
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