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
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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