Target date funds
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Brightscope: Proprietary target-date funds continue to lose share
trueProprietary target-date fund assets have lost their majority status among total target-date fund assets, said research published Tuesday by BrightScope, a firm that evaluates 401(k) plans.
Active or passive target-date funds, study finds returns similar, net of fees
trueActively managed and passively managed target-date funds produce similar investment returns over longer time frames, new research shows.
Morningstar: Target-date expenses continue falling
trueTarget-date fund expense ratios continued their steady decline, falling to 78 basis points in 2014 on an asset-weighted basis vs. 84 basis points in 2013, said the latest annual survey of target-date funds published Tuesday by Morningstar.
Northern Trust: Target-date funds surge in DC plan allocation
trueTarget-date fund allocations in defined contribution plans soared in 2014, climbing to 22% of plan assets from 15.7% in 2013, said a Northern Trust survey of 100 DC plan clients with $265 billion in total assets.
Alternatives make push for target date funds, DC plans
trueAlternative fund managers are getting a boost from a movement among retirement plan advisers to use more open architecture and custom target-date funds, according to interviews with managers and advisers who work in the space.
Vanguard increases international equity, bond allocations in target-date funds
trueVanguard Group is changing the allocation of its target-date and target-risk funds by raising its international equity and international bond components.
TIPS still top list of non-traditional assets in target-date funds; REITs make biggest gains
trueTIPS and REITs remain the most popular non-traditional asset classes in target-date portfolios, according to Pensions & Investments most recent survey of the largest U.S. retirement plans.
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 ...
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.
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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