A good DC fiduciary is no coward
The defined-contribution system needs to switch its focus from accumulation to income. This means breaking away from traditional approaches – something most fiduciaries lack the courage to do.
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SeLFIES a good look for retirement
Government bond instruments linked to the standard of living would have the three effects Australian Treasury wants from a CIPR - constant income, longevity risk management and access to capital.
Income the key dimension
Risk should be defined as the inability to meet retirement income goals, so investors and their managers should forget alpha and other “distractions”, according to David Booth.
Merton’s message: give up on alpha
Nobel Prize winner, Robert Merton, has thrown down the gauntlet. He claims that by focusing on a retirement income goal he can beat any competitor that is managing a 70:30 portfolio that has wealth accumulation as the goal. Do you dare take him on? The defined contribution pension management industry has it wrong, according to
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