IWS Documented News INTERNATIONAL

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Towers Watson

 

 

Journey well, arrive better: Redefining DC investment [20 May 2010]

http://www.towerswatson.com/united-kingdom/research/1867

or

http://www.towerswatson.com/assets/pdf/1867/TW-EU-2010-15140.pdf

[full-text, 68 pages]

 

Press Release 20 May 2010

Defined Contribution Enters a New Era

http://www.towerswatson.com/press/1899

 

Abstract:

This publication contains a series of articles which consider various aspects of DC investment design and execution; we look at what drives member behaviour, assess whether lifecyle strategies are meeting members’ needs throughout their journey to retirement and focus on how risk can be better managed in a DC environment. It is intended to act as a reference book for anyone involved in operating a DC pension plan – an essential guide to developing and maintaining a successful investment strategy.

 

[excerpt]

Defined contribution (DC) pension provision appears to be

emerging around the world as the future dominant form of

retirement savings. While the US, Australia and the UK are

probably the leading countries of DC growth, innovation

and best practice, the trend away from defined benefit (DB)

provision is fast becoming universal.

 

CONTENTS

Introduction

5 Journey planning – a more engaging approach Managing the journey to retirement for a more successful outcome

13 Investment governance – enhancing the value chain Aligning governance to investment strategy in a DC environment

20 Lifecycle strategies – what next? Managing investment risk along the DC journey

30 Glide-path design – building a de-risking strategy Controlling the investment risk in the lead-time up to retirement

42 Investing for growth – creating more efficient portfolios Investment design in the accumulation phase

50 Managing risk around retirement Planning for retirement

59 Segmentation –understandingyour membership Taking member profiles into consideration

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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