Target date funds
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Callan: Custom target-date funds gaining in DC plans
trueDefined contribution plans are sharply cutting back on target-date funds offered by record keepers and also expanding use of custom target-date funds, according to a survey by Callan Associates issued Thursday.
Treasury's Iwry says department looking into guaranteed withdrawal products for DC
trueNew Treasury Department rules on using deferred annuities within target-date funds as part of a defined contribution plan shouldn’t be viewed as excluding the department’s consideration of other lifetime income options in those plans, said J. Mark Iwry, deputy assistant secretary for retirement and ...
trueIt might be difficult to find a defined contribution plan sponsor that hasn't had a conversation about custom target-date funds this year. In part that's because the Department of Labor specifically directed plan sponsors to consider the idea of customization in target-date funds in the tips they ...
Utah Retirement Systems introduces custom target-date funds
trueUtah Retirement Systems will add a series of custom target-date funds to the lineup of its defined contribution plans, effective Jan. 1, 2015.
Cerulli: Target-date funds snagging larger share of 401(k) assets
trueTarget-date funds will continue to grab more 401(k) assets, capturing 88% of new contributions to the plans and representing 34.6% of total 401(k) assets by the end of 2019, according to new research by Cerulli Associates.
Glidepath evaluation: Moving past 'to vs. through'
trueGiven the complexities associated with target-date funds' many moving parts, the growing number of distinct approaches and the need to look beyond the record keeper's proprietary offering, choosing the right suite of TDFs can be a daunting responsibility.
DC participants lack retirement readiness, despite plan improvements — report
trueMany U.S. employers believe their employees lack retirement readiness, a new report from Towers Watson shows. Of the 457 DC plan executives surveyed, 78% said retirement readiness is an important issue for their employees. However, only 12% believe their employees know how much they need to save.
Target-date fund outcomes expose fiduciaries to risk
trueTDFs are often black boxes, so many fiduciaries don't realize they do not have a rigorous conceptual basis — as demonstrated by the dramatic variation in the returns and asset allocations of funds with the same target date.
Charles Schwab drops PIMCO Total Return Fund from target-date lineup
trueCharles Schwab has removed the PIMCO Total Return Fund as an underlying investment in its 10 target-date funds
Towers Watson survey: DC plan execs missing big picture on target-date funds
trueDefined contribution plan executives are too focused on “investment metrics” when evaluating target-date funds rather than the role these funds should play in helping participants prepare for retirement, a new survey by Towers Watson & Co. finds.
Outcomes the key metric for target-date funds
trueIn regard to the Aug. 18 Pensions & Investments' page 4 story, Some target-date funds are boosting equities:
Dassault Systemes makes changes to DC plan lineup
trueDassault Systemes Americas Corp. added three investment options to its 401(k) plan.
BlackRock shuttering its iShares target-date ETF business
trueBlackRock's exchange-traded funds division, iShares, is shutting down its entire lineup of target-date ETFs next month.
Some target-date funds are boosting equities
trueSeveral target-date fund providers raised the equity components of their glidepaths, saying their research shows participants have a slightly higher risk tolerance than in the years immediately after the economic crisis.
Morningstar: Target-date fund fees continue to drop
trueThe average target-date fund expense ratio fell to 84 basis points in 2013, from 91 basis points the previous year, said an annual target-date fund report by Morningstar.