Target date funds
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Northern Trust: DC participants dump fixed income in favor of target-date funds, U.S. equity
trueDefined contribution plan participants continued to invest in target-date funds while reducing their holdings in fixed income and increasing allocations to U.S. small-cap and midcap equities in 2013, according to a report from Northern Trust.
SEI – more DC plans looking to implement custom target-date funds
trueMore than one-third of defined contribution plan executives plan to implement or revise custom target-date fund lineups in the next year, according to a survey from SEI.
AllianceBernstein adds passive age-based option for Rhode Island 529 plan
trueAllianceBernstein, the program manager for Rhode Island's 529 college savings plan CollegeBoundfund, Providence, has made a series of changes to the plan.
Callan: Target-date funds' steady growth in assets continues
trueTarget-date funds continue their steady growth, moving closer to becoming the top investment asset allocation within defined contribution plans, according to the latest quarterly analysis by Callan Associates.
Bill to make lifecycle funds the default strategy for federal workers advances
trueThe House Oversight and Government Reform Committee on Wednesday passed legislation to make lifecycle funds the default investment for new federal employees participating in the $366.7 billion Thrift Savings Plan.
DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop
Ibbotson: Assets in target-date funds rise 7.4% in quarter, 28% in 2013
trueTarget-date fund assets increased to $620.8 billion as of Dec. 31, up 7.4% from Sept. 30 and up 28% from a year earlier, according to a report released Monday by Ibbotson Associates, a unit of Morningstar.
Target-date funds clock another nice gain
trueTarget-date funds continued gaining popularity in the year ended Sept. 30, with assets invested in the option reaching $122.2 billion among DC plans in Pensions & Investments' ranking of the largest U.S. retirement plans.
Florida State Board moves to target-date funds for 401(a) plan
trueFlorida State Board of Administration plans to offer target-date funds for the first time in the Florida Retirement System's $8.5 billion 401(a) plan, while reducing the number of active investment options to bring in more multimanager approaches, effective July 1.
A call to action for improved target-date due diligence
trueThe February 2013 Department of Labor guidance on target-date fund screening and monitoring demonstrated an industry need for greater TDF transparency and more due diligence on the part of plan fiduciaries. Guidance explicitly called for a better understanding of overall portfolio construction and ...
Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Morningstar upgrades Schwab target-date funds
trueMorningstar Inc. has upgraded its ratings on The Charles Schwab Corp.'s target-date funds to “neutral,” from “negative,” because of improved performance, new leadership and stability.
Presbyterian Church adds Fidelity target-date lineup
trueBoard of Pensions of the Presbyterian Church (USA), Philadelphia, will add a target-date fund lineup managed by Fidelity Investments to its 403(b) plan.
Fidelity boosts equity allocations in target-date strategies
trueFidelity Investments will boost equity target allocations in most of the portfolios in its Fidelity Freedom target-date fund strategies.
Asia beginning to look at target-date funds
trueTarget-date funds are becoming part of the conversation about getting Asia's risk-wary investors to shift defined contribution retirement savings from deposit-like instruments into higher-yielding stocks and bonds.