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.”
"There needs to be some really clear thinking about repair of personal balance sheets post-Covid", says Michael Drew, who points to the importance of relational governance in light of the government's early access scheme and selloffs in financial markets.
Jessica SierOctober 26, 2020
The range of forecastable economic outcomes is as wide as its ever been, says MLC Asset Management portfolio manager Myooran Mahalingham. Tread lightly on the hunt for alpha, and keep the fundamentals front of mind.
Tahn SharpeOctober 26, 2020
The shift of policy influence in recent years from Treasury to the ministers’ offices has likely contributed to the design of government's new performance measurement which has been panned by experts.
Matthew SmithOctober 19, 2020