Principal at Mercer, Craig Rosenthal, was among the witnesses who gave testimony to the US House of Representatives Committee On Ways and Means, under the hearing “Defined Benefit Pension Plan Funding Levels and Investment Advice Rules” on October 1.
His testimony included findings of new Mercer analysis of data from 874 clients’ defined benefit plans. The analysis by Mercer’s US pension actuaries, including estimated 2009 required contributions and credit balances, is detailed here.
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The workplace pension asked its members what they wanted during the decumulation phase. The answers led to a default product that aims for assurances in older age, while still offering options.
Asset owners are lowering return targets, shrinking active long-only allocations and getting tough on fees as harsh outlooks persist, the annual Top1000funds.com/Casey Quirk survey reveals.
The CIO of Australia's sovereign wealth fund has added risk to the portfolio showing optimism about the short-term outlook but remains cautious about the medium and long term.
Choices people make when they enter defined-contribution schemes tend not to change, even after fraud allegations, a paper from behavioural economist Richard Thaler and other academics states.
Pension assets grew by nearly $5 trillion last year and the hottest markets were Australia, Chile and Hong Kong. Go inside the numbers of The Thinking Ahead Institute’s annual pension report.
Pension fund adviser Keith Ambachtsheer says the industry-leading CFA credential program needs to be more focused on the future – starting with an update to outdated reference materials.
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