Target date funds
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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.
BlackRock raises equity allocation in target date funds
trueBlackRock Inc. announced Wednesday it would raise its equity allocation in its LifePath Index target-date funds, keeping younger investors fully invested in stocks even longer and bumping up stocks at the landing point of retirement.
Target-date fund assets continue to climb in 2013
trueTarget-date fund assets increased to nearly $625 billion in 2013 up from $503 billion in 2012, in funds registered under the Investment Company Act of 1940, said retirement plan research firm BrightScope.
Majority of DC participants misuse target-date funds — report
trueA majority of defined contribution participants are misusing target-date funds and causing their portfolios to take on too much or too little risk, according to a report issued Tuesday by Aon Hewitt and Financial Engines.
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.