Target date funds
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Tibble ruling impact on target-date monitoring
trueAll 401(k) fiduciaries should be asking themselves a question now that the U.S. Supreme Court's Tibble et al. vs. Edison International decision has made it perfectly clear that no investment option, regardless of how prudently it was chosen, can be set on autopilot and forgotten.
Intel signs AllianceBernstein for custom target-date, global diversified funds
trueIntel hired AllianceBernstein as the investment manager for two large portfolios in the company's retirement plans — a custom target-date series and a global diversified fund that contains many alternatives. Each of the portfolios had been managed internally.
Last all-ETF target-date fund closes
trueDespite their allure to some investors, exchange-traded funds have failed to attract investors in an all-ETF format for target-date funds.
Aon Hewitt: DC participants misusing target-date, target-risk funds
trueTarget-date and target-risk funds are being misused by defined contribution plan participants “who may be unaware of the funds' intended purpose” or who might be “uncomfortable with the risk level” of the fund, said a report on investing behavior published Thursday by Aon Hewitt.
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.